U.S. ethanol production declined last week as the domestic supply tightened.
The U.S. Energy Information Administration says production last week averaged 1.003 million barrels a day, down 26,000 on the week with winter weather having an impact on some plant schedules and grain movement. That is up 6,000 barrels on the year with operating margins for the average Iowa plant just above a year ago.
Iowa State University’s Center for Agricultural and Rural Development says margins firmed up little last week, coming back to roughly the cost of production.