Ethanol crush margins seen at 14-month highs

In Illinois, corn prices continue to fall, helping to boost crushing margins for ethanol producers. As a result, Platts estimates margins to be at a 14-month high of 36.84 cents/gal. Corn prices have fallen more than 23% since mid-June thanks to ideal weather for the growing crop, which will in turn see ethanol producers pump out as much of the fuel as possible as long as the strong margins last. CBOT July corn futures settled 8.25 cents lower per bushel lower on Wednesday at $3.3575.