Daniels Trading Senior Broker Craig Turner was quoted in the Dow Jones Newswire article titled “Corn Slips 1.1% as EPA Proposes Cut in Ethanol Mandate”. The article looks at the price implications on Dec 2014 corn due to possible EPA mandate reductions.
Analysts said the proposal weighed on corn futures because approval could lead to a significant cut in purchases by ethanol plants. If the proposal was realized, it would result in a net 550-million-bushel reduction in corn demand in 2014 from current USDA demand forecasts, said Craig Turner, a senior broker at Daniels Trading in Chicago.
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