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Asia Ethanol US

US ethanol output resists slim margins, increasing export draw

US ethanol production margins suffered from support given to US corn prices as a result of Tuesday’s WASDE report, which showed a fall in worldwide corn production projections for 2015/16, dropping 0.61% to 967.93MMT. US corn prices reacted by making gains of 3%, reaching 3.60USD/bu, to then settle back down to 3.56USD/bu before the close….

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