Midwest ethanol stocks break record high

In Washington, Brownfield Ag News reports Energy Information Administration data shows ethanol stocks built for the fourth straight week as they reached their highest levels since mid-May 2020 last week at 24.476 million barrels. Slower demand is seen as the likely reason the Midwest region has broken its record stock levels. Production is also easing in line with falling demand with production at 1.035 million a day, 18,000 barrels fewer per day than the week prior.