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U.S. ethanol makers steer away from fuel, reach for booze

Aug 02, 2017 at 09:50 AM CST

CHICAGO (Reuters) - A U.S. glut of fuel-grade ethanol has major producers, including Green Plains Inc (
GPRE.O) and industry pioneer Archer Daniels Midland Co (ADM.N), pursuing other markets and idling excess capacity in an effort to rebuild sagging margins.