Ethanol Rises Most in Two Weeks as Corn Prices Surge to Record
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Ethanol futures rose the most in two weeks in Chicago as corn jumped to a record, making the fuel more costly.
Futures rose a second day on speculation drought in the Midwest threatens corn yields. The grain is the primary feedstock used to make ethanol in the U.S., with one bushel distilling into at least 2.75 gallons of the biofuel.