Ethanol Futures Wash Over America’s Third Coast

cbot.jpgThe Chicago Board of Trade, in collaboration with the ethanol industry, has developed a corn-based Ethanol futures contract, further indicating America is eager to lessen its fossil-fuel dependance.

CBOT is a natural fit for Ethanol futures, as the exchange has, for more than 125 years, offered the world’s largest market for corn futures. As products like E85 (85% ethanol and 15% gasoline) continue to proliferate,the Board’s function as the provider of the international benchmark for corn pricing may increasingly liquify.