VeraSun Energy (VSE), which produces 7% of U.S. ethanol, files for bankruptcy protection. With...

|By:, SA News Editor

VeraSun Energy (VSE), which produces 7% of U.S. ethanol, files for bankruptcy protection. With corn trading at record-highs, VSE hedged its corn purchases at $6.75 to $7.00 a bushel while futures plunged to $4.