U.S. ethanol production and stocks both saw significant week-to-week declines.
The U.S. Energy Information Administration says production averaged 1.007 million barrels a day, down 41,000 on the week, but up 37,000 on the year.
Iowa State University’s Center for Agricultural and Rural Development says operating margins for the average Iowa plant got a little tighter while remaining in positive territory and more profitable than a year ago.
Ethanol stocks hit a 41-week low at 21.609 million barrels, a drop of 1.181 million barrels from the prior week and 1.924 million barrels from late August 2022.
