Ethanol stocks reach 19-week low despite rising production

In Washington, DTN reports that Energy Information Administration data shows that although ethanol production is ramping up after it shut down more than 50% of capacity due to the COVID-19 pandemic, stocks are still shrinking. Last week, stocks reached the lowest level in 19 weeks at 23.2 million barrels, falling 400,000 barrels from the week prior. Simultaneously, production rose to a nine-week high of 712,000 bpd, up an average of 32,000 bpd. Stocks in the Midwest region held steady, but losses were seen across the other four PADD regions.