Macquarie Says Corn at $8 Needed to Ration Demand for Ethanol
By Whitney McFerron -
2012-07-23T08:51:19Z
Corn prices would need to trade at $7 to $8 a bushel for most of the 2012-13 marketing year to cut demand from ethanol producers, Macquarie Group Ltd. said today in an e-mailed report.
Corn may become “increasingly correlated to oil price movements,” as ethanol producers ration demand, the bank said.
To contact the reporter on this story: Whitney McFerron in London at wmcferron1@bloomberg.net
To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net
More News:
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.