U.S. ethanol stocks increased 681,000 barrels to 23.59 million barrels for the week ended Jan. 14, a 48-week high, including record inventories in the Midwest (PADD 2), according to the Energy Information Administration (EIA). Ethanol production was up 47,000 barrels per day (bpd) to 1.053 million bpd for the week, an increase of 11.4% from the same week last year. EIA implied gasoline demand increased 4% and net inputs of ethanol expanded by 7%.
Ethanol stocks at record level in the Midwest
U.S. ethanol stocks increased 681,000 barrels to 23.59 million barrels for the week ended Jan. 14. . .
(Farm Journal)
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