Trump announced that E15 gasoline, a brew comprised of 15% corn-based ethanol, higher than the benchmark 10% widely sold, will be allowed year-round. It was a measure lauded by corn farmers looking for some relief from low prices, a trade war with China and incessant rains.
“A modest uptick in ethanol demand from year-round E15 pales in comparison to risks posed to the farming sector from escalating trade tensions with Mexico,” said Josh Price, an analyst with Height Capital Markets.
Read the article at The Detroit News.
