News

Ethanol stocks, production down on week

U.S. ethanol stocks moved to near one-year lows last week.

The U.S. Energy Information Administration says supplies dipped 189,000 barrels to 21.613 million because of increased blending demand following the official announcement of year-round E15 availability.

Production averaged 1.081 million barrels a day, down 15,000 from the week before.

The USDA’s next corn for ethanol use estimate is out July 11th.