(NDAgConnection.com) – Daily production of fuel ethanol went down by nearly 3% but stayed above 1 million barrels for the third consecutive week, according to data released today by the U.S. Energy Information Administration.

Production averaged 1,039,000 barrels per day for the week ending June 3, compared to 1,071,000 barrels per day the week before.

Weekly ending stocks increased to 23.636 million barrels from 22.961 million barrels week-to-week.

This represents an increase of nearly 3%.