Ethanol stocks tumble for first time in six weeks despite higher production

In Washington, Platts reports that Energy Information Administration data shows ethanol stocks fell by 1.351 million barrels last week, the first drawdown in stocks in six weeks. Yet stocks would have fallen more if ethanol production hadn’t kept help, increasing 9,000 b/d to an average of 1.04 million barrels per day, despite an estimated .79 cent/gallon negative crush margin. As a result of likely exports, the Gulf Coast region saw stocks fall more than 18%, while stocks also fell in the Midwest and West Coast regions.