Ethanol seen bolstering U.S. corn price, plantings

Reuters
Fri Mar 6, 2009 4:42pm GMT

WASHINGTON (Reuters) - The expansion of the fuel ethanol industry will support U.S. corn prices and plantings this year and in the future, a University of Missouri think tank said on Friday.

Larger ethanol use is "one of the major drivers" in corn prices, said Pat Westoff of the Food and Agricultural Policy Research Institute. Because corn is the major feedstock for ethanol, larger use will bring larger plantings.

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