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U.S. ethanol supply biggest since July 2019

U.S. ethanol supplies hit more than six-month highs last week.

The U.S. Energy Information Administration says stocks were up 884,000 barrels from the previous week at 24.358 million, the largest domestic supply since late July 2019.

Production averaged 1.0.33 million barrels a day, down 48,000 on the week.

Tuesday, the USDA raised its’ corn for ethanol use estimate, with the next projection out March 10th.