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Ethanol subsidy caused corn price surge

WASHINGTON — US ethanol subsidies pushed up corn prices as much as 17 percent in 2011, according to a study released Wednesday at a time when Washington’s policies on biofuels are coming under heightened scrutiny. The study by Bruce Babcock of Iowa State University and released by the Geneva-based International…

U.S. Senate votes to end $6 billion ethanol subsidy

WASHINGTON — The US Senate voted Thursday to end a $6 billion subsidy for ethanol in a move that appeared largely symbolic but sends a message about the growing unease on support for the biofuel made mostly from corn. In a 73-27 vote, the Senate approved an amendment to end…