U.S. ethanol production and stocks were both up slightly last week.

The U.S. Energy Information Administration says ethanol production last week averaged 931,000 barrels a day, up 4,000 from the previous week, but still down 107,000 from last year because of uncertainties about blending demand caused by COVID-19.

The Renewable Fuels Association says blending demand declined modestly for the second week in a row, even as the amount of gasoline supplied to the market shot 6.2% higher.

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