Ethanol production falls to 22-week low

In Washington, DTN reports that Energy Information Administration Data shows ethanol production last week fell to the lowest level in 22 weeks to 1.005 million bpd on the back of negative margins and continuously falling demand as more and more people shelter in place in an effort to stop the spread of the coronavirus. Stocks also fell to a seven-week low of 24.140 million bbl, down nearly half a million barrels on the week. The East Coast region was the only one to see stocks increase while everywhere else fell.