Ethanol makers lost money this week, after about a month of slim profits, as prices spiked for corn, the country's main feedstock for the alternative motor fuel, analysts said.
U.S. distillers were losing about 10 to 20 cents per gallon for the week ending Thursday, as corn prices rose during the week, analysts said.
U.S. ethanol capacity has shot up 50 percent since last August to more than 10 billion gallons per year, which could keep margins soft."It's not the greatest business right now," said Cory Garcia...MORE
Friday, August 22, 2008
Ethanol makers lose money after month of gains (ADM; AVR; PEIX; VSE)