U.S. ethanol production and stocks both hit multi-month lows last week.

The U.S. Energy Information Administration says ethanol production averaged 973,000 barrels a day, the lowest weekly average since April and down 13,000 on the week, but up 47,000 on the year, when production was limited by uncertainties about demand.

The supply of 21.588 million barrels was a five-week low, a decrease of 718,000 from the previous week, but an increase of 1.288 million from this time last year.

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