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U.S. ethanol production declines

U.S. ethanol production declined for the third week in a row.

The U.S. Energy Information Administration says production for the week September 2nd ending averaged 998,000 barrels per day, the lowest average in more than a month.

That decrease in production was in response to a recent increase in inventory.

Ethanol reserves were down on the week as retailers prepared for Labor Day, but remain near the late July highs at 20.624 million barrels.