Ethanol production is way down. The U.S. is only producing about a million barrels per day, which is the lowest since mid-May. However, the Energy Information Administration says stockpiles are up. Right now, there are 23.6 million barrels in reserve.
Speaking of fuel, Farm Supply Company, CHS, says producers should also brace for the possibility of propane shortages this Fall, by making a plan now. If you wait until harvest, it could be too late to get the supplies you need. CHS says the shortages could result from a growing foreign export market for propane.
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U.S. ethanol exports continued an upward trajectory in February
Iowa Ag Secretary Naig: Farmers should place propane orders and take delivery now
DOE: U.S. ethanol industry employs the most veterans
