Ethanol production increases but stocks also rise as blending demand falls

In Washington, DTN reports Energy Information Administration data shows ethanol production rose slightly on the week to 987,000 bpd, 5.8% higher than last year, but as the summer driving season came to an end, so did ethanol blending demand which dropped from a one-year high the week prior by 10,000 bpd. As a result, ethanol stocks rose 1.7% to 23.807 million barrels, more than 12% higher than last year, although the situation in the PADD regions was mixed with East Coast and Midwest stocks building and West Coast and Gulf Coast regions falling.