Ethanol production ramps recovers as well as stock levels

In Washington, Platts reports that Energy Information Administration data shows ethanol production has ramped up again, rising for the first time in three weeks to 1.081 million b/d in the week ended June 28, 9,000 b/d higher than the previous week and 14,000 barrels higher on the year. With rising production came rising stocks which rose for the first time in six weeks to 1.277 million barrels, nearly 6% higher than the week prior with nearly all regions seeing stock builds.