U.S. ethanol waiver would roil grains market: traders

Posted by Reuters: Colin Packham on August 1st, 2012
Reuters: The U.S. government is unlikely to bow to pressure for a waiver on quotas requiring a proportion of corn is used to make ethanol before November, at the earliest, traders said, despite the expected slump in global corn production due to severe drought. And any change in the Renewable Fuels Standard, requiring that over a third of the corn crop is made into fuel ethanol, could cause market chaos after dwindling corn stocks had already been priced in, traders at an Australian grains conference said.......

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