U.S. ethanol production climbed higher last week.

The U.S. Energy Information Administration says production averaged 1.014 million barrels a day, up 23,000 barrels on the week as plants return from seasonal maintenance, but down 18,000 on the year.

That’s the first time above a million barrels a day since the week ending April 1st, 2022.

Iowa State University’s Center for Agricultural and Rural Development says producer margins gained some ground, holding firmly in positive territory.

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