US Ethanol Production Is Up But Stocks Are Down.
Summary: US ethanol production rose slightly more than 1% after being down 2.5% the previous week. Blender demand was estimated to have been down about 1%. But, ethanol stocks dropped 1%. Ethanol producers’ margins on May 06 were 28 cents/gln, down sharply from the previous week’s 35 cents. Blender margins were 6.7 cents, down from the…