ADM predicts that record U.S. corn yields in September and higher consumption of E15 and E85 ethanol blends will result in a positive biofuel environment for 2014 and 2015. "The market will provide the incentives for higher consumption of E15 and E85 if these products are priced correctly," said Juan Luciano, chief operating officer of the Illinois-based agricultural company. He said consumers are "very hungry for a reduction in gasoline prices."

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