date:May 12, 2012
ins. The company has previously been hit by high corn costs, and now it is taking steps to mitigate the effect of volatile raw commodity prices.
During the quarter, we entered a grain supply contract for the Indiana distillery and amended the grain supply agreement for our Atchison facility that now permits us to secure corn for delivery up to 12 months in the future at fixed prices,Newkirk said.This marks a significant change from past purchase and hedging practices for corn, our most importan