An ag economist says U.S. ethanol production levels will likely drop in the near-term.

The University of Missouri’s Ben Brown said there’s ‘softness’ in the ethanol market because of higher stocks, increased global production and low export volumes.

“My tone for ethanol is yes, while we’re seeing some softness, we’ve still got some decent profit margins for these ethanol plants to keep maintaining a solid production,” Brown said. “It just might be at the levels we’ve witnessed the last two months.”

He said this week’s ethanol production report – through the U.S.

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