Ethanol production near record highs but stocks still shrink

In Washington, Brownfield Ag News reports ethanol production rose last week to 1.113 million barrels per day, one of the highest weeks on record, but even as refiners cut inputs for blending to the lowest in 11 weeks ahead of Thanksgiving week, stocks continued to shrink. Stocks fell by 339,000 barrels to 21.968 million barrels, the lowest since mid-October. Ethanol exports also fell 23,000 barrels per day on average to 122,000 barrels per day. Both stocks and exports are lower than this time last year as well.