Spot ethanol prices rose 1 to 2 cents across regional hubs in early trade Wednesday after data showed a draw in ethanol stockpiles while implied demand held steady for the week-ended Nov. 23. The U.S. Energy Information Administration data's detailed a 580,000 bbl decrease in ethanol stockpiles to 18.347 million. That reflects a 3% drop on a weekly basis, while domestic production slipped 0.9% to 803,000 bpd for the week.
George Orwel can be reached at firstname.lastname@example.org.
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