U.S. ethanol production climbed higher last week, while stocks hit a more than three month low.
The U.S. Energy Information Administration says production averaged 971,000 barrels a day, the highest average since late December 2020 and up 33,000 on the week, but still down 64,000 on the year due to uncertainties about blending demand caused by COVID-19.
Net inputs by refiners and blenders moved higher last week, but the volume of gasoline supplied to the market was lower, with both still well below year ago levels.
