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Ethanol production, supply up on week


U.S. ethanol production shot higher last week.

The U.S. Energy Information Administration says production averaged 1.041 million barrels a day, up 30,000 on the week as some producers resume full operations after a brief slowdown, but down 38,000 on the year with some questions about demand due to relatively high gasoline prices.

The industry is also concerned about a potential railroad strike, which would have a big impact on movement.

Iowa State University’s Center for Agricultural and Rural Development says projected margins for Iowa producers dipped slightly, but remained in positive territory.

Ethanol production, supply up on week