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U.S. ethanol production continues higher trend

Domestic ethanol production has moved higher for the sixth consecutive week. The U.S. Energy Information Administration says production last week averaged 1.051 million barrels a day, the highest average since late June, and up 11,000 on the week and 12,000 on the year.

The week-to-week gain can be tied to the increased availability of new crop corn and part of the year-to-year gain is demand expectations.

Iowa State University’s Center for Agricultural and Rural Development says margins for most producers moved further into positive territory last week, also encouraging production.

U.S. ethanol production continues higher trend