Ethanol production fell slightly week-to-week, while inventories jumped to the highest level in nearly two years, according to the Energy Information Administration. Biofuel production fell to 1.026 million barrels per day on average in the seven days ending March 11, the EIA said in a report.

In the Midwest, by far the largest producing region, production fell to an average of 971,000 barrels per day. That's down from 977,000 barrels per day the week before, the agency said. East Coast production fell to 11,000 barrels per day, on average, from 12,000 barrels the previous week. Rocky Mountain production fell to an average of 13,000 barrels per day from 14,000 barrels.

That was the totality of the week's falls. West Coast ethanol producers produced 9,000 barrels per day, on average, up from 8,000 barrels the previous week, the government said. Gulf Coast production jumped week-on-week to an average of 23,000 barrels per day, up from 17,000 barrels per day the previous week and the highest level in a month.

Ethanol inventories, in turn, rose to 25.945 million barrels in the week to March 11. That's up from 25.271 million barrels the previous week and the highest since the seven days ending April 24, 2020, the EIA said in its report.

Winter storms are forecast from central Colorado to parts of Kansas today, while dry weather is expected in much of the southern plains, according to the National Weather Service. A winter weather warning is in effect from 9 p.m. this evening until 7 a.m. on Friday, as up to 3 inches of snow are expected in parts of central Kansas, the NWS said in a report this morning.

Source: Agrolink