Ethanol production, supply climb higher

U.S. ethanol production and stocks both moved higher last week.

The U.S. Energy Information Administration says production averaged 1.028 million barrels a day, up 31,000 on the week and 90,000 on the year.

Iowa State University’s Center for Agricultural and Rural Development says margins moved higher last week, encouraging production, and the USDA says Midwest cash ethanol prices were higher.

The Renewable Fuels Association says net inputs by refiners and blenders and the volume of gasoline supplied to the market were above the previous week and last year.

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