Ethanol Producers Feel The Impact of Higher Corn Prices 2 comments
-
Font Size:
-
Print
- TweetThis
More importantly, investors are highly anticipating the crop production report due out on Friday. The average production estimate for the 2007-08 crop year is 12.909 billion (23 analysts), 69 million bushels above the 12.840 billion estimated by the USDA in July. The average yield estimate is 151.2 bushels per acre (23 analysts), approximately 1 bushel above the USDA's estimate.
In an article published Tuesday, CNN's Jeff Cox states "many analysts are expecting corn prices to surge over the next several months as farmers give back this year's unprecedented corn plantings of about 90 million acres to wheat and soybeans."
Wheat and Soybean prices currently look very attractive to farmers right now.
However, as long as crop production is above analyst expectations, corn prices will remain steady. Anything lower, though, is likely to result in a runup.
Ethanol producers are feeling the impact:
VeraSun (VSE):
Aurora plant: $3.15 per bushel
Fort Dodge Plant: $3.05 per bushel
Charles City Plant: $2.95 per bushel
US BioEnergy (USBE):
Platte Valley Plant: $3.26 per bushel
Woodbury Plant: $3.30 per bushel
Ord Plant: $3.30 per bushel
Aventine (AVR)
Pekin Plant: $3.16 per bushel
Hawkeye Renewables:
Iowa Falls Plant: $2.88 per bushel
Related Articles
|



























This article has 2 comments:
yourfilled@yahoo.com
* Clean Air Performance Professionals (CAPP) supports a Smog Check inspection & repair audit, gasoline oxygen cap and elimination of dual fuel CAFÉ credit to cut car impact over 50% in 1 year.
* Some folks believe corn ethanol in gasoline increases oil use and oil profit
* Ethanol uses lots of water
* A Smog Check audit would cut toxic car impact in ½ in 1 year. Chief Sherry Mehl, DCA/BAR, has never found out if what is broken on a Smog Check failed car gets fixed, never
* A corn ethanol waiver would stop a $1 billion California oil refinery welfare program coming from the federal government @ $0.51 per gallon of ethanol used
* About 60,000 barrels per day of the oil used by cars is allowed by the "renewable fuel" CAFE credit