U.S. ethanol production and stocks both declined last week.
The U.S. Energy Information Administration says production averaged 913,000 barrels a day, down 24,000 on the week and 83,000 on the year as plants continue to cut back production because of concerns about blending demand caused by COVID-19.
The Renewable Fuels Association says net blender inputs and the amount of gasoline supplied to the market also posted week to week declines and remain well below a year ago.
