A profit spike for Midwestern ethanol plants
Ethanol profitability hit a record high of $4.50 a bushel in the last week of March, $2 above the previous record, for a “representative Iowa ethanol plant,” says economist Scott Irwin of U-Illinois at farmdocdaily. Profits surged because of high gasoline prices, comparatively low costs for corn, large exports, low inventories and a sluggish transport system.… » Read More
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