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Ethanol production up modestly on week

Domestic ethanol production has expanded for five weeks in a row.

The U.S. Energy Information Administration says production averaged 1.04 million barrels a day, the highest weekly average since late July and up 7,000 barrels from the previous week, supported by the increased availability of new crop corn and solid profit margins for most producers.

Still, that’s down 67,000 barrels on the year with some uncertainties about sustained demand due to volatile crude oil prices and the possibility of a U.S.

Ethanol production up modestly on week