Page 6 - Production Increases News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Corn futures, wheat futures, and soybean futures were all higher in overnight trading on the Chicago Board of Trade.

2. Ethanol Production Increases to Highest Since Mid-January Ethanol output jumped to the highest level in almost two months while inventories declined, according to the Energy Information Administration. Production of the biofuel rose to an average of 938,000 barrels a day in the week that ended on March 5, the EIA said in a report. That’s up from 849,000 barrels a day, on average, the previous week and the highest level since the seven days that ended on Jan. 15, government data show. In the Midwest, by far the biggest producing region, production rose to 894,000 barrels a day from 81...

This is 700 billion barrels on the market a day. i think trump and the others in the united states would like to see a lot more production increases. we get into the summer travel months. people are paying close to $3 a gallon. that's not going down a whole lot. that eats into other spending. people don't eat at restaurants that much. they don't buy clothing. they don't dos leisure activities. unless there's significantly more oil production, you'll see oil prices relatively high. maybe not spike above $3 a barrel but i think we're locked into $3 a barrel gas prices for the summer. that's not ...