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The Renewable Fuels Association says that the September WASDE report from the USDA underscores the need for more ethanol production in the U.S.–with the USDA now projecting even more corn to be produced by farmers this year. “The supply of corn following this year’s harvest is expected to significantly overwhelm demand, leaving 2.1 billion bushels of surplus,” the RFA says. “This report again underscores the urgent need to quickly open and expand markets for corn, including removing unnecessary barriers that constrain market opportunities for ethanol.” The RFA says that allowing E15 -or motor vehicle fuel cut with 15% ethanol- would help offset the huge surplus. CBOT corn is up 0.2% in afternoon trading, this after initially falling on the report’s release.





