Reported 3 days ago
The U.S. Congress is moving towards approving a measure that would allow year-round sales of E15, a higher blend of corn-based ethanol, crucial for the industry’s future. This change is part of a proposed spending bill aimed at removing seasonal restrictions that limit E15 sales during summer months. This legislation is supported by both agriculture and oil sectors as they face challenges from electric vehicles, and aims to boost demand for American corn while lowering consumer fuel prices. The bill is seen as critical for sustaining farmer revenues amidst declining crop prices.
Source: YAHOO