daily production of ethanol in the us has dropped below the 1 million barrels per day mark the first time its fallen back below that level since october in its latest weekly report the eia said that for the week ended feb 4 daily ethanol production totaled 994000 barrels per day down from 104 million barrels per day last week analysts surveyed by dow jones this week had expected production to be anywhere from 104 million barrels per day to 105 million barrels per day the eia also adjusted its inventory figure lower to 248 million barrels thats down from 2585 million barrels reported last week  and also is below analyst forecasts which called for inventories to rise over the 26 million barrels mark corn futures trading on the chicago board of trade are higher wednesday ahead of the usdas wasde report at noon et the mostactive contract is up 17 to more than 643 per bushel currently to see related data search us doe oil data padd breakdown in dow jones newsplus