Ethanol crush margins continue to increase despite higher production and growing stocks

In the Midwest, ever-stronger crush margins thanks to falling corn prices ahead of a bumper crop have producers cranking out ethanol despite ethanol prices remaining range-bound for the past several weeks. Ethanol production remains well over a million barrels per day. Platts reported that the crush margin was around 28.39 cents/gal on Monday, up 2.59 cents/gal from the week prior. Stocks continue to rise as well in four out of five regions, with national stocks at 21.347 million barrels the end of last week.