Ethanol production dropping but stocks still building

In Washington, DTN reports that ethanol production seems to be taking market cues and slowing down with last week’s production at 1 million barrels per day compared to an averaged four-week production of 1.025 million bpd vs. 1.049 million bpd averaged four-week figure in 2018. Even though production is at last starting to slow down, stocks grew slightly on average across the country with the largest build up seen in the Midwest and largest drawdown seen in the Gulf region, thanks to exports.