Ethanol production dives to more than one year low

U.S. ethanol production last week hit a new 16-month low. The U.S. Energy Information Administration says production averaged 967,000 barrels a day, a drop of 45,000 on the week, for the lowest weekly average since early October 2017. The industry continues to be concerned about margins, while waiting for clarity on year-round E15 availability and …

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