Home / News / Business news / Ethanol mandate should survive

Ethanol mandate should survive

09/22/2011 @ 8:51am

The US renewable-fuel mandate should be immune from opposition from the livestock, oil and food industries even with elevated corn prices, says FBR, which sees a 60-vote majority in the Senate being unlikely to repeal.

It adds that ethanol opponents' hopes the EPA would waive the mandate face long odds as doing so would require evidence of "severe harm" to the economy from the mandate. FBR calls that "a difficult burden of proof."

It acknowledges, however, that industry could face long-term threats from other biofuels or a corn-supply shortfall caused by severe drought.


(ian.berry@dowjones.com)
Call us at (212) 416-2354 or email kevin.kingsbury@dowjones.com
(END) Dow Jones Newswires
September 22, 2011 09:42 ET (13:42 GMT)

CancelPost Comment
MORE FROM DOW JONES NEWSWIRES more +

Soybeans hit 8-month highs as processing… By: 04/15/2014 @ 3:31pm Soybeans jumped to the highest price in more than eight months after an industry report showed the…

Goldman Sachs is Bearish Wheat By: 04/14/2014 @ 10:01am Goldman Sachs (GS) Monday said increases in grains futures from ongoing Ukraine tensions would be…

USDA Report Summary By: 04/09/2014 @ 11:17am The following table is provided as a service to Dow Jones Newswires subscribers in conjunction…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Big Picture: CME Trading Weather