Friday, March 02, 2007

Huge increase in Processing of Corn for Ethanol.

This shouldn't come as a big surprise, but USDA economists are predicting a 50% increase in the amount of corn used for making ethanol.

Keith Collins, the USDA's chief economist, said the amount of corn processed into ethanol would reach 3.2 billion bushels in the crop year that begins September 2007. For the year ending August 2007, the amount of corn used to make ethanol is expected to hit 2.15 billion bushels.

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