U.S. ethanol production fell to a 12-week low last week.
The U.S. Energy Information Administration says production averaged 983,000 barrels a day, down 73,000 on the week due to seasonal maintenance and 41,000 less than last year.
Iowa State University’s Center for Agricultural and Rural Development says estimated operating margins for the typical Iowa plant were below year ago levels, reflecting a smaller return.
The Renewable Fuels Association says ethanol stocks were 26.08 million barrels, a decrease of 128,000 from the previous week, but an increase of 787,000 from a year ago.
