U.S. ethanol production moved slightly higher last week.
The U.S. Energy Information Administration says production averaged 1.01 million barrels a day, up 7,000 on the week.
Iowa State University’s Center for Agricultural and Rural Development says margins for the average Iowa plant are just above the cost of production.
However, production was down 18,000 barrels on the year with some uncertainties about sustained demand.
The Renewable Fuels Association says net inputs by refiners and blenders were down fractionally from the previous week and the volume of gasoline supplied to the market fell 6%.
