EIA: Ethanol Stocks Build

NEW YORK (DTN) -- Ethanol inventories increased during the week-ended April 8 while domestic production fell for the third straight week and implied demand rose again, according to information released by the Energy Information Administration on Wednesday, April 13.

The data shows inventory rose about 100,000 barrels (bbl), or 0.5%, to 22.3 million bbl during the week reviewed, pushing a year-over-year surplus to 1.7 million bbl, or 8.1%.

Plant production fell 37,000 barrels per day (bpd), or 3.8%, to 938,000 bpd last week while up about 1.5% year-over-year. Production is now at an 11-month low.

Blender inputs, a proxy for ethanol demand, increased by 9,000 bpd, or 1.0%, to 907,000 bpd for the week, while also up 2.5% year-over-year.