Ethanol Tumbles Most in Four Months as Corn Declines on Weather
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Ethanol tumbled the most in more than four months in Chicago as corn declined on speculation that favorable weather in the U.S. Midwest will aid crops.
The biofuel fell 3.7 percent as its primary feedstock dropped 5.7 percent on the expectation that rain will help corn and lower the cost of making ethanol in the U.S. One bushel of corn produces at least 2.75 gallons of the additive.