9/26/2011

A plan in the House of Representatives to reduce the ethanol requirement in the Renewable Fuel Standard if corn stocks fall below a certain level is "the wrong policy to address corn-supply concerns," according to Renewable Fuels Association President and CEO Bob Dinneen. "Research clearly demonstrates that implementing an RFS waiver trigger based on the stocks-to-use ratio will not have the effects on corn prices desired by livestock and poultry interests, nor will it mean more corn is immediately available for feed use," Dinneen said. He cautioned Congress against pursuing "knee-jerk policy reactions," instead of maintaining the RFS.

Full Story:
DomesticFuel.com

Related Summaries