Biofuel Energy (BIOF) says it's decided to idle its Fairmont, Minnesota ethanol facility until...

|By:, SA News Editor

Biofuel Energy (BIOF) says it's decided to idle its Fairmont, Minnesota ethanol facility until further notice. The plant ceased ethanol production at the end of last week, as commodity margins continue to weaken due to the drought and ethanol remains in a state of high surplus. The company noted however, that its second plant in Wood River, Nebraska will continue to operate. Shares -0.5% AH.