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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (220)	6/13/2001 4:36:48 PM
From: craig crawford	Read Replies (1) \| Respond to of 1643

Ethanol decision a boost to commodities, some shares 6/12/01 3:21 PM Source: Reuters investor.cnet.com By Sue Schwendener and Soo Youn CHICAGO/NEW YORK, June 12 (Reuters) - A U.S. government decision to force California to use ethanol as a fuel additive could boost prices of corn, sugar, and the shares of ethanol producers such as Archer Daniels Midland, analysts and trade sources said on Tuesday. Some said the decision also could unlock funding for an expansion of ethanol production using corn and sugar. "That means about 230 million bushels of corn will be needed annually to meet the California demand," said Stewart Reeve, spokesman for the National Corn Growers Association. "The additional corn grind will boost corn prices by 10 to 15 cents per bushel." The decision also could help sugar. The U.S. Agriculture Department said on May 31 that it was selling 100,000 tonnes of refined sugar to ethanol producers. The agency estimated the sale would help produce a minimum of 15 million gallons of additional fuel and would help boost domestic sugar prices which are at levels not seen in decades.