Ethanol stocks fall to 3.5-year low as blending demand surpasses production

July 22, 2020 |

In Washington, DTN reports Energy Information Administration data shows ethanol stocks fell to a 3.5-year low last week of 19.801 million bbl. Production fell last week to 908,000 bpd, down nearly 13% on the year, after reaching a 16-week high the week prior. Blending demand continues to rise, drawing down on stocks as production fails to keep up. The ethanol industry is still struggling with gauging whether or not to ramp up production despite indications of increasing demand due to continued challenges from the COVID-19 pandemic.

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