CORRECTED - US ethanol output dips nearly 2 pct


* U.S. ethanol production slips 1.8 pct to 888,000 bpd * U.S. weekly ethanol stocks drop 1.9 percent By Carey Gillam KANSAS CITY, Mo., Aug 31 (Reuters) - U.S. ethanol production slipped nearly 2 percent last week and stocks were depleted at the same pace as good demand met with tight competition for high-priced corn, ethanol's key ingredient. The Energy Information Administration said on Wednesday that U.S. ethanol production totaled 888,000 barrels per day in the seven days to Aug. ...

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