Ethanol stocks fall to 22-week low as demand outpaces production

In Washington, Energy Information Administration data shows ethanol stocks slipped yet again last week, falling to the lowest in 22 weeks both nationally and in the Midwest region. Ethanol production in the region slipped slightly to 892,000 bpd as corn prices increased but demand in other regions pulled supplies from the Midwest as blending demand continued to grow. Key East Coast and West Coast markets saw stocks also fall while the Gulf Coast region saw a significant stock build, indicating growing demand for exports.