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Day ahead – October 11, 2018: Water policy bill clears Congress, ethanol plant sales announced, equities sell-off continues

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Water policy legislation, the Water Resources Development Act (WRDA), ended its path through Congress as the Senate overwhelmingly passed the legislation yesterday on a 99-1 vote. Meanwhile, ethanol producer Green Plains announced it will sell three of its ethanol production facilities to Valero Renewable Fuels in a deal for $300 million in cash and a sell-off in equities continued following sharp losses in US markets yesterday.

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