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USA: Ethanol stocks hold near 7-month low

Ethanol supply in the United States was little changed at 22.695 million barrels (bbl) as of April 26, holding near a seven-month low. Meanwhile, ethanol production reversed down from a 14-week high, according to data released Wednesday, May 1, by the Energy Information Administration. Data shows domestic ethanol supply narrowed a surplus against a year ago to 600,000 bbl or 2.7%, while still remaining at a 28-week low.