Ethanol stocks climb despite a decline in production. Stocks at highest level since 6/15/12

According to the EIA’s Weekly Petroleum Status Report, ethanol production fell 3.1% to 948,000 barrels per day (b/d), easing production out of the record setting pace it had been in for the past month. The decrease in production lowered the ethanol industry’s demand for corn to 14.12 million bushels per day, a decrease of 447,000 daily bushels from the prior weeks average.

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