U.S. ethanol production peeled back from the recent near-record highs last week as stocks grew.
The U.S. Energy Information Administration says production averaged 1.039 million barrels a day, down 68,000 on the week, but up 62,000 on the year.
Ethanol margins remain firmly in positive territory, but there are some signs demand could be slipping. The Renewable Fuels Association says net inputs by refiners and blenders moved lower for the second consecutive week, hitting a six-month low, and the volume of gasoline supplied to the market also declined.
