date:Dec 25, 2012
IAs weekly ethanol report showed production was down 2,000 barrels per day from last week and stocks of ethanol were sharply higher.
Even with falling corn prices, margins continue to be weak for ethanol producers as prices for ethanol have fallen sharply as well. Since Dec 1, corn prices have come down 50 cents a bushel while ethanol prices have fallen 23 cents a gallon or 62 cents a bushelequivalent, putting pressure on margins. Basis levels at ethanol plants did improve modestly last week,