By George Orwel
DTN Energy Reporter
Spot ethanol prices were little changed in a thinly-traded session early Wednesday after federal data showed ethanol inventories were drawn down last week while demand and production by domestic plants both increased.
The Energy Information Administration's data detailed a 359,000 bbl draw in ethanol stocks to 19.854 million bbl for the week-ended Jan. 4, while output of the product from plants across the nation increased 19,000 bpd to 826,000 bpd last week and implied demand climbed 64,000 bpd to 714,000 bpd.
George Orwel can be reached at email@example.com.