Andersons add cheap US wheat to corn-based ethanol

KANSAS CITY, Mo.,July 8 Fri Jul 8, 2011 2:08pm EDT

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KANSAS CITY, Mo.,July 8 (Reuters) - The Andersons Inc (ANDE.O), a major U.S. ethanol producer, has started mixing wheat into its corn-based biofuel in a move to lower costs and protect against high-priced and increasingly tight corn supplies.

Andersons, which operates three ethanol plants in Indiana, Michigan and Ohio with total capacity of 300 million gallons, has started using soft red winter wheat along with corn.

Neill McKinstray, vice president and general manager of The Andersons ethanol division, confirmed the move, but said he could not discuss the matter. (Reporting by Carey Gillam, Editing by David Gregorio)

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