US ethanol production increased 4,000 barrels per day to 841,000. The trade was looking for a 39,000 barrel increase. Stocks decreased 456,000 barrels to 21.346 million, much larger than the 78,000 barrels the trade expected. Production is up 7 consecutive weeks and stocks have now fallen 8 consecutive weeks. Gasoline stocks fell 1.7 million barrels.
Senior Commodity Analyst – Grain and Oilseeds
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