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Ethanol production modestly lower on week


U.S. ethanol production was slightly lower last week as stocks grew.

The U.S. Energy Information Administration says ethanol production averaged 1.023 million barrels a day, down 49,000 on the week, but up 5,000 on the year.

Ethanol stocks rose to a three-week high at 23.222 million barrels, an increase of 170,000 from the previous week and 996,000 from a year ago.

The Renewable Fuels Association says net inputs of ethanol purchased by refiners and blenders were fractionally higher, while the volume of gasoline supplied to the market rose by just over 1%.

Ethanol production modestly lower on week