Credit: Shutterstock photoU.S. ethanol supplies in late December receded from the 6 ½-month highs reached earlier in the month but remain relatively abundant, CME Group said in a report.
During the week ended December 28, nationwide ethanol inventories totaled 20.21 million barrels, down 3% from two weeks earlier, according to Energy Department data. Stockpiles are up nearly 13% over the same week a year earlier.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.