Ethanol Advances as Corn Planting Stalls on Severe Weather
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Ethanol futures advanced on bets that more rain this week will further delay U.S. corn planting, leading to higher production costs for the grain-based additive.
Ethanol moved higher with corn, which rose on the Chicago Board of Trade as storms stretching from Iowa to Ohio may bring rain by tomorrow. Planting is behind the normal pace because of excess rain, with some of the biggest delays in Ohio, North Dakota and Indiana.