U.S. ethanol production was up modestly last week, while stocks hit a multi-month high.
The U.S. Energy Information Administration says ethanol production averaged 1.058 million barrels a day, an increase of 10,000 on the week and 158,000 on the year, when production was constrained by demand uncertainties caused by COVID-19.
The Renewable Fuels Association says net inputs by ethanol refiners and blenders were higher, but the volume of gasoline supplied to consumers was lower, while both were above year ago levels.
