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Long-term demand challenges loom for ethanol

A leading ag economic group is expecting U.S. ethanol use to trend slightly lower in coming years.

The University of Missouri’s Food and Agricultural Policy Institute’s Ben Brown says there are growing threats to ethanol demand with the market incentivizing a shift toward electric vehicles as they become more affordable and fuel costs spike.

“Oil prices are high, electric vehicles are coming down in price because they’re just easier to make, right,” Brown said.