Ohio ethanol makers will gain from expected bumper crop
Despite the slow progress of corn harvesting in Ohio, the expected high yield will benefit the state's ethanol industry, said Dwayne Siekman of the Ohio Corn Growers Association. Concerns over a wet harvest season helped corn prices rise by almost 8% in October to hit $3.54 a bushel, but that is low compared with how food shortages in 2008 pushed corn prices to $7. Four Ohio plants that began production in late 2008 generated 300 million gallons of ethanol this year, said Siekman, whose group supports increasing the mandated ethanol blend rate from 10% to 15%.
Akron Beacon Journal (Ohio) | 11/05
This story published in RFA SmartBrief on 11/06/2009
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