U.S. ethanol production dipped last week while stocks fell.

The U.S. Energy Information Administration says production averaged 1.011 million barrels a day, down 21,000 on the week, but up 287,000 on the year, when many facilities were either limiting production or closed due to demand concerns caused by reduced travel.

Stocks of 18.98 million barrels were 453,000 barrels lower than the previous week and 4.196 million less than last year, for the tightest domestic supply since late 2016.

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