Ethanol joins fuel mainstream with CBOT contract

Newswire

CHICAGO, March 23 (Reuters) - Ethanol's role as a viable alternative fuel marched ahead on Wednesday as the Chicago Board of Trade, the No. 2 U.S. futures mart, added corn-based ethanol to its stable of agricultural contracts, helping U.S. producers and users manage market risk. Ethanol is an alcohol usually made from fermented corn or sugar and blended with gasoline. About 12 percent of the U.S. corn crop is projected to be used for ethanol in the coming year, according to the U.S. ...

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