In Iowa, ethanol producers averaged 11 cents per gallon in the red in January according to new figures from Iowa State University’s extension service. Ethanol plants paid an average of $6.19 per bushel of corn compared to $3.60 per bushel two years earlier. Operating margins during December, 69 cents in November, 42 cents in October and 34 cents in September. Whereas producers typically try to sell ethanol at a discount of 45 cents to the wholesale unleaded gasoline price, instead they had to sell at a discount of 85 cents.
Category: Producer News