Ethanol stocks continue to grow despite lower production and higher exports

In Washington, Brownfield Ag News report Energy Information Administration data shows ethanol stocks continue to build on the back of slower demand, reaching 27.376 million barrels last week, as a nearly five-year high continues. Ethanol purchases from refiners continued to slip, and production dipped to six-week lows in turn at 1.062 million barrels per day. Ethanol stocks grew despite decreased production and higher exports averaging 162,000 barrels per day. Crush margins remain near break-even level.