After leveling off this year, corn use for ethanol production is expected to increase in 2014, thanks to lower corn prices and an uptick in E85 demand, said Darrel Good, agricultural economist with the University of Illinois. Iowa State University professor Bruce Babcock said that if crude oil prices stay "at $90 to $100 a barrel, I think there's a market for all of the corn ethanol that we can produce." If the U.S. doesn't ramp up ethanol production to take advantage of soaring oil prices, other countries will, Babcock said.

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