NEW YORK (DTN) -- Ethanol inventories increased last week while production fell, with blender inputs also rising to a fresh record high, according to data released Thursday by the Energy Information Administration.
The data showed total inventories rose 400,000 barrels (bbl), or 1.8%, to 21.6 million bbl for the week-ended July 1, with a year-over-year surplus at 1.7 million bbl, or 8.6%.
P[L1] D[0x0] M[300x250] OOP[F] ADUNIT T
Regionally, supplies fell in PADD 5 Gulf Coast but rose in PADD 1 East Coast and PADD 2 Midwest. West Coast and Rocky Mountain stocks were mostly unchanged.
Plant production decreased 19,000 barrels per day (bpd), or 2.0%, to 984,000 bpd while down 3,000 bpd, or 0.3%, year over year.
Blender inputs, a proxy for ethanol demand, increased by 6,000 bpd, or 0.6%, to a 957,000 bpd fresh record high for the week, while up 53,000 bpd, or 5.9%, year over year.
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