U.S. Ethanol Production Rises, Stocks Decline
Bullish strength: 60/100
- Production reached its second-highest level on record at 1.143 million barrels per day.
- Production exceeded the analyst consensus of 1.112 million barrels per day.
- Ethanol inventories declined by 89,000 barrels to 24.4 million barrels.
Bearish strength: 40/100
- Production remains below the January record of 1.196 million barrels per day.
- Ethanol inventories of 24.4 million barrels exceeded the analyst estimate of 24.2 million barrels.
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