U.S. ethanol production declined last week and stocks got tighter.
The U.S. Energy Information Administration says production averaged 997,000 barrels per day, a 10-week low and a decrease of 17,000 on the week and 45,000 on the year.
The Iowa State University Center for Agricultural and Rural Development says operating margins for the average Iowa plant last week were near the breakeven point, just below year ago levels.
The Renewable Fuels Association says net inputs by refiners and blenders were up fractionally on the week, while the volume of gasoline supplied to the market was more than 4% higher.
