Ethanol producers aren’t having a good summer, as record corn prices and sluggish gasoline...

|By:, SA News Editor

Ethanol producers aren’t having a good summer, as record corn prices and sluggish gasoline demand squeeze profits. Valero (VLO) and others have idled plants since mid-June, and Archer Daniels Midland's (ADM) ethanol margins have eroded to a loss of more than $0.20/gallon. Ethanol production in the week through July 20 fell to 796B bbl/day, hitting a record low for the second straight week.