Thu May 16, 2013 10:45 AM CDT

STREATOR, Ill. (DTN) -- U.S. ethanol producers recently welcomed a reversal of a declining trend in production that began in December 2011, according to "This Week in Petroleum" posted Wednesday by the Energy Information Administration.

Reflecting both lower corn prices and higher ethanol prices, domestic ethanol production averaged 857,000 barrels per day (bpd) for the week-ended April 26, the highest level since June 2012. Weekly ethanol production has increased by more than 10% since late January, when it was at the lowest level since 2009.

Corn prices surged early last summer, driven by concerns about how the drought would affect ...

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