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Ethanol futures begin trading on Chicago exchange

March 24, 2005

Chicago, IL - Ethanol futures are being traded on the Chicago Board of Trade. The C-B-O-T added the product today to meet growing demand for a hedging instrument for the corn-based gasoline additive.

William Covey, vice president of the clean oil products department at Noble Americas: "The advent of risk management marks a big step forward for the industry,"

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