Ethanol Tumbles Second Day as Corn Harvest Pace Accelerates
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Ethanol futures tumbled for a second day as the government said farmers accelerated the pace of the corn harvest.
Prices fell 1.6 percent after the Agriculture Department said 59 percent of a record corn crop was collected as of Oct. 27, up from 39 percent the previous week. The grain is the primary ingredient in U.S. ethanol. Production has jumped 15 percent from a record low in January, according the Energy Information Administration.