Ethanol production and stocks both moved higher last week.
The U.S. Energy Information Administration says production averaged 1.09 million barrels a day, an increase of 55,000 on the week and 99,000 on the year.
Iowa State University’s Center for Agricultural and Rural Development says profit margins ticked higher last week, while the USDA says Midwest cash prices were lower.
The Renewable Fuels Association says net inputs for refiners and blenders fell to a 37-week low, but the volume of gasoline supplied to the market rose, and both remained well above year ago levels.
