Rising ethanol production spurs more demand for corn, analyst says

05/2/2010 | Bloomberg

Corn prices gained amid increasing demand from the ethanol industry, as a rebounding economy spurs more fuel use. Daily ethanol production increased 1.8%, to an average of 833,000 barrels in February, from 818,000 in January, according to the Department of Energy. "Ethanol production continues to increase and that means more demand for corn," said Don Roose, president of U.S. Commodities.

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