Ethanol stocks continue to rise even as production levels fall

In Washington, Platts reports that Energy Information Administration data showed a nearly 60,000 b/d drop in ethanol production during the last week of December, but even so production stayed well above 1 million b/d, leading to further build up of stocks rising 588,000 barrels to 22.619 million barrels. Ethanol production that week was the lowest since October, indicating a potential slow down in production as producers begin to fell the pinch from slipping demand at home and aborad.