Friday, August 8, 2008

U.S. ethanol makers profit slightly for a month

From Reuters:
Average margins for making U.S. ethanol avoided sinking into losses for the last four weeks, but were only narrowly profitable as supply bested demand, analysts said.

U.S. distillers were making about 15 to 25 cents per gallon for the week ending Thursday, about the same as last week, despite softer prices for corn, the main U.S. feedstock for the alternative motor fuel, analysts said....MORE