Ethanol production below market expectations but stocks still build

In Washington, Platts reports Energy Information Administration data shows ethanol production fell slightly from the week prior to 931,000 barrels per day last week, below market expectations. But even with lower-than-expected production, stocks still rose by 74,000 barrels to 20.346 million barrels with the biggest stock build seen in the Midwest. The East Coast also saw stocks rise while both the West Coast, which is a major importing region, and the Gulf Coast, which is a major exporting region, saw stocks fall.