Ethanol Stocks, Production Down

NEW YORK (DTN) -- U.S. ethanol supplies were little changed in the week-ended April 3, new data from Energy Information Administration showed, with supplies edging down 64,000 barrels (bbl) to 20.483 million bbl while still up 24.8% year over year.

The EIA data showed domestic production dropping 16,000 barrels per day (bpd), or 1.7%, to a five-week low of 936,000 bpd while up 4.5% year over year.

Blender inputs, a proxy for ethanol demand, eased 2,000 bpd to 867,000 bpd last week, while up 1.8% year over year.

EIA also reported implied demand for motor gasoline tumbled 825,000 bpd to 8.61 million bpd while down 4.3% year over year.

(BM/AG)

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