US Ethanol Stocks Down

NEW YORK (DTN) -- Ethanol inventories in the United States decreased last week while production increased, according to data released Wednesday, March 16, by the Energy Information Administration.

Domestic inventory fell about 500,000 barrels (bbl), or 1.9%, to 22.9 million bbl during the week-ended March 11, narrowing a year-over-year surplus to 2.0 million bbl, or 9.8%.

On a regional basis, most of the stock draw was reported in PADD 2 Midwest, where supplies fell 400,000 bbl to 7.2 million bbl.

Plant production rose 21,000 barrels per day (bpd), or 2.14%, to 999,000 bpd last week, while up about 5.4% year-over-year.

Blender inputs, a proxy for ethanol demand, rose 10,000 bpd, or 1.3%, to 888,000 bpd for the week, while up 2.9% year-over-year.