Ethanol Blog
Rick Kment DTN Analyst
Wed May 8, 2013 04:21 PM CDT

Ethanol inventory levels across the country continue to erode based on firming demand and lower production. Total ethanol stocks fell an additional 8.4 million gallons in the first week of May. This is a 1.5% drop from the week previous. Total ethanol inventory levels are 21% lower than year-ago levels, listed at 705.6 million gallons.

The fact that overall stocks are falling at a pretty steady pace, at the time when overall demand for product is starting to build, could create additional tightness through the market. Ethanol prices responded by increasing 1 to 2 cents per gallon on Wednesday.

But ...

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