Ethanol stocks slide to lowest since December 2016

In Washington, DTN reports Energy Information Administration data shows ethanol stocks slid to the lowest level seen since December 2016 at 19.393 million bbl despite ethanol production rising to 979,000 bpd, the highest seen since December 2020. Stocks were down in all regions, from the Midwest where the majority of ethanol is produced, to the East and West Coasts where the majority is consumed and the Gulf Coast where it is exported. Blending demand rose slightly last week, but it was enough to bring it back to pre-COVID levels.