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Poor Argentine, Brazilian harvests to pressure US corn prices

January 12, 2012 |

In the UK, Barclays Bank says that poor crops in Argentina and Brazil will mean more demand for US corn exports, in turn putting pressure on corn as a feedstock since increased export demand will boost prices and dent ethanol margins. The bank also expects the recent expiry of the VEETC to have a negative effect on ethanol margins.

Category: Fuels

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