Ethanol production slips in line with stocks and blending

In Washington, DTN reports Energy Information Administration data shows ethanol production fell again last week to 973,000 bpd which in turn saw stocks draw down by 700,000 barrels or 3.1% to 21.6 million. Despite the lower stock levels, blending activity also fell last week to 921,000 bpd but was still 7% higher than the same period last year, well into the COVID-19 pandemic. The Gulf Coast region saw the biggest cut in stocks, followed by the Midwest and West Coast where the Rocky Mountain region held steady and stocks even grew on the East Coast.