U.S. ethanol production and supplies both eased last week.
The U.S. Energy Information Administration says production averaged 1.051 million barrels a day, a decline of 36,000 on the week, but a rise of 75,000 on the year.
Even with that slight week-to-week dip in production and mostly lower Midwest prices, Iowa State University’s Center for Agricultural and Rural Development says producer margins remained firmly in positive territory, keeping pace with higher corn prices and other operating costs.
