Ethanol production up as stocks drop

U.S. ethanol production gained ground for the second week in a row as stocks declined.

The U.S. Energy Information Administration says production averaged 1.039 million barrels a day, up 27,000 on the week and 76,000 on the year, encouraged by solid operating margins.

Iowa State University’s Center for Agricultural and Rural Development says those margins for the average Iowa plant improved and are near the highs for the year thanks to lower corn prices and good demand.

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Ethanol production up as stocks drop