Ethanol margins seen strengthening further on lower corn prices

In Nebraska, DTN reports ethanol margins continue to increase as ethanol production remains subdued and stocks are drawn down as blending demand picks up. DTN’s mock ethanol plant saw margins pick up by 4 cents per gallon to 9.4 cents over the past month, while ethanol plants that don’t carry debt would see a 41 cent per gallon profit compared to 35 cents a month ago. Corn prices have fallen over the last several weeks even though ethanol prices and DDGS prices have remained steady.