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Trump's Ethanol Deal to Meet Demands of Ag, Big Oil

Price of ethanol has fallen more than 30% between mid-June and mid-August

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The Trump administration appears to be moving toward a deal to placate ethanol interests who have blamed the president’s deregulatory push for forcing the closing of 17 ethanol plants, reports CNBC.

It’s a deal where the administration is trying to do damage control and balance the demands of farmers and oil companies.

The deal, still not yet reduced to a written bill, is likely to help oil companies that have been given permission to stop blending ethanol with gasoline at some of their refineries to make up the lost production at other plants, said Geoff Cooper, president and CEO of the Renewable Fuels Association, a trade group for ethanol producers.

Read the full report at CNBC.

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