Weekly U.S. Ethanol Production Up and Ethanol Stocks Set New 8-Month High.
Summary: US ethanol production grew 1.2% whereas the trade had expected a fractional decline. Ethanol stocks rose 3.4% to a new 8-month high. The trade had expected a 1.4% increase in stocks. Gasoline consumption was up 4.8% this week and was 10% more than a year ago. Ethanol futures gained 4.5 cents/gal today based on…