Ethanol production trickled lower last week, while stocks got a little tighter.
The U.S. Energy Information Administration says production averaged 1.024 million barrels a day, the lowest since late January and a decline of 33,000 on the week, but a rise of 10,000 on the year.
Iowa State University’s Center for Agricultural and Rural Development says operating margins for the average Iowa plant moved closer to the breakeven line, indicating a lower profit or even a loss for some producers.
