Ethanol stocks grow despite lowest production in five months

In Washington, DTN reports Energy Information Administration data shows ethanol blending demand fell last week as a result of the polar freeze experienced by much of the country, which in turn added to ethanol stocks increases, especially in the Midwest and Gulf Coast regions. Stocks grew despite ethanol production falling to the lowest level since September 2020 at 911,000 bpd. Total stocks reached 24.297 million barrels last week, more than half a million barrels higher than the week prior.