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Ethanol stocks took a beating this past week as corn soared and ethanol stalled. The top losers were Pacific Ethanol (NASDAQ:PEIX) and VeraSun (VSE) as shares of the two companies collapsed 22% and 20%, respectively.

Corn finished strong on Friday, settling 20 cents higher to $4.95 per bushel on lower-than-expected crop production, quarterly stocks, and ending stocks data. As for ethanol, prices have dropped 21 cents since hitting $2.42 per gallon on January 2nd. As a result, ethanol's crush spread has dropped significantly to $1.18.

DateCBOT ethanol price CBOT corn priceCrush spread
January 11th $2.21 $4.95 $1.18
January 2nd $2.42 $4.62 $2.15
December 18th $2.13 $4.32 $1.66
December 15th $2.08 $4.38 $1.44
December 10th $1.88 $4.17 $1.09
November 19th $1.81 $3.94 $1.12
October 16th $1.61 $3.74 $.77
September 1st $1.54 $3.69 $.62
Source: Tough Week for Ethanol Stocks