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U.S. ethanol waiver would roil grains market: traders


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U.S. ethanol waiver would roil grains market: traders

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  #1 (permalink)
LA, California, USA
 
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Posts: 530 since Sep 2011

The U.S. government is unlikely to bow to pressure for a waiver on quotas requiring a proportion of corn is used to make ethanol before November, at the earliest, traders said, despite the expected slump in global corn production due to severe drought.

U.S. ethanol waiver would roil grains market: traders | Reuters

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"Yes, it is true that ethanol turned out not to be carbon neutral, it cost more, provided less power and wrecked the fuel systems of older cars, but I cannot admit I was wrong this close to an election! What's wrong with you people?" -- White House (joke)

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  #2 (permalink)
LA, California, USA
 
Experience: Intermediate
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EPA's requirements for corn ethanol will drive food prices even higher after an already distressed harvest, growers warn.

US farmers urge Obama administration to suspend ethanol quota amid drought | World news | guardian.co.uk

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The USSR tried central planning of all crops, and it led to massive famine.

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August 1, 2012


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