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Low corn prices spark potential for increased ethanol demand

December 20, 2013

Low corn prices on the heels of near-record yields this year could mean increased demand from ethanol producers, export markets and biofuels consumers, Purdue Extension agricultural economist Chris Hurt says. A proposal by the U.S. Environmental Protection Agency to reduce the amount of biofuels that oil companies must blend into gasoline and diesel from 18.15 billion gallons to 15.21 billion gallons in 2014 - including an implied reduction of corn ethanol from 14.4 billion gallons to near 13 billion gallons - initially appeared negative for corn markets.
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