Ethanol production holds as stocks rise slightly

U.S. ethanol production held steady last week.

The U.S. Energy Information Administration says production 1.052 million barrels a day, unchanged on the week and up 1,000 on the year.

Iowa State University’s Center for Agricultural and Rural Development says operating margins for the average Iowa plant improved a little, while staying just below the profit line.

The Renewable Fuels Association says ethanol stocks hit a six-week high at 22.979 million barrels, 175,000 higher than last week and 233,000 above last year.

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