Suspending the ethanol portion of the Renewable Fuel Standard would not affect corn prices and availability until a year later, according to a study from the University of Missouri's Food and Agricultural Policy Research Institute, a conclusion that other analysts have also drawn. An ethanol waiver would have little impact after one year, but it could push down corn prices by 3% in the following year, while boosting corn availability for livestock use by 2% and driving down ethanol production by 7%, the institute said.

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