US weekly ethanol production fell 25,000 barrels to 881,000 and stocks drew 306,000 to 19.691 million. Production was at its lowest since week ending June 12, but still up from the year to date low 537,000 barrels posted 4/24. The 4-week average change in stocks is 298,000 barrels, a signal declining stocks could correct low production. Note the 19.691 million-barrel stocks figure is at its lowest level since December 30, 2016. A Bloomberg poll looked for weekly US ethanol production to be up 6,000 stocks to increase 139,000.
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