Ethanol stocks continue to fall as demand rises faster than production

In Washington, DTN report the Energy Information Administration published data showing the ethanol stocks continue to drop as demand increases while producers slowly ramp up production. Stocks fell to a four-month low last week of 23.6 million gallons, 400,000 gallons fewer than the week prior, with stocks falling in all regions except for the Gulf Coast region which typically indicates supplies for export. Production rose 2% last week over the previous week to 680,000 bpd, the highest in eight weeks.