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Ethanol production rebounds, supply falls

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U.S. ethanol production bounced back last week.

The U.S. Energy Information Administration says production averaged 991,000 barrels a day, up 173,000 from the previous week’s weather impacted near three year low, but down 37,000 from a year ago.

Iowa State University’s Center for Agricultural and Rural Development says the estimated operating margin for the average Iowa plant dipped back into negative territory, implying a modest loss.

The Renewable Fuels Association says stocks declined for the first time since late November to 24.27 million barrels, a decrease of 1.545 million on the week and 172,000 on the year.

Ethanol production rebounds, supply falls