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EPA trims 2014 ethanol mandate amid market shift
The EPA signaled a roughly 15 percent cut to the 2014 ethanol mandate from the 2007 binding targets, citing changing economic conditions while noting long term plans call for higher future mandates. Analysts see offsetting export gains and continued growth in E15 and E85 usage that could offset the near term decrease. Corn prices fell after the announcement, but some forecasters expect demand to steady as gasoline use evolves.
MENTIONED IN THIS ARTICLE
American Environmental Protection Agency
EPA
America
United States