U.S. ethanol production dipped 2.9 percent last week to an average of 1.093 million barrels a day, according to the Energy Information Administration on Wednesday. Output was within the range of market expectations and 1 percent below the same week last year.

The estimated corn crushed for ethanol was about 105.5 million bushels. Cumulative crushings for the marketing year rose to approximately 3.001 billion bushels, reaching about 54 percent of the USDA’s target.

Ethanol inventories rose 3.2 percent from the previous week to 26.41 million barrels. Stocks were higher than expected and less than 1 percent below the same week last year. Inventories were above the five-year average.

Ethanol exports averaged 174,000 barrels a day last week, down from 188,000 the previous week but up from 111,000 the same week last year.
U.S. ethanol exports in January 2026 totaled 212.1 million gallons (mg), slipping 4% month-over-month. Canada continued to be the top destination with 70 mg of imports. Brazil tripled its imports of U.S. ethanol to 36.4 mg, the largest monthly purchase in nearly six years.

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