Ethanol stocks reach 10-week high as production rises

In Washington, DTN reports Energy Information Administration data shows ethanol production rose for the third week in a row to 977,000 bpd, the highest seen since March 20, helping to boost dwindling stocks. Stock levels reached a 10-week high of 20.159 million barrels thanks to higher production levels and lower blending demand. Gulf Coast and West Coast regions saw stocks build while the remaining regions fell compared to the week prior. Blending demand fell slightly to 834,000 bpd.