Ethanol stocks edge higher as production holds steady
In Washington, Brownfield Ag News reports Energy Information Administration data shows ethanol inventories rose by 33,000 barrels to 25.22 million barrels in the week reported September 16, reaching their highest level since May. The Energy Information Administration reported production averaged 1.099 million barrels per day, unchanged from the previous week but 44,000 bpd above year-earlier levels. Operating margins at the average Iowa ethanol plant remained positive, supporting demand for corn. Refinery and blender inputs increased, as did the volume of gasoline supplied to the market. Ethanol exports averaged 161,000 bpd, up 17,000 bpd week-on-week and 58,000 bpd year-on-year.
Category: Fuels
