Ethanol production holds steady while stocks increase slightly

In Washington, Brownfield Ag News reports Energy Information Administration data shows ethanol production held steady at 1.052 million barrels per day while stocks rise slightly to 22.979 million barrels, the highest in six weeks. The slight stock build of 175,000 barrels was despite exporting an average of 104,000 barrels a day. Crush margins for most Midwest ethanol plants likely remain below the profit line, even if they have improved slightly, according to analysis from Iowa State University’s Center for Agricultural and Rural Development.