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Ethanol stocks decline

U.S. ethanol supplies are backing off from the recent all-time high.

The Energy Information Administration says that as of the week ending February 26th, domestic ethanol stocks were 22.624 million barrels, a decrease of around a half million on the week and almost 600,000 less than the record set two weeks before.

Weekly ethanol production averaged 987,000 barrels per day, 7,000 lower than the previous week.