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Tide could be turning for troubled US ethanol industry

Volatile corn and ethanol prices have hit industry profits, but the election of Barack Obama could bring a reversal of fortunes, writes Anne Feltus

THE ELECTION of a renewable fuels-friendly president brought a collective sigh of relief from US ethanol producers, which have been hit hard by a combination of factors that has left some in dire financial straits. Barack Obama, a senator from the country's second-largest corn-producing state, Illinois, supported federal subsidies and other protective measures that have contributed to the industry's growth, and he favours continuing them. His opponent, John McCain, would probably have eliminated them had he won. The election results were a bit of bright news emerging from behind the dark cloud that has lingered over the industry for well over a year. But it has not always been this way. Un

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