Monday, March 31, 2008

Sector Snap: Ethanol Shares Decline (ADM; PEIX; VSE)

From the AP via Yahoo:

Ethanol stocks fell Monday as a government survey showed that corn supplies will be tighter this year, indicating higher costs for ethanol producers.
Farmers are expected to plant 86 million acres of corn this year, the Department of Agriculture predicted Monday, down 8 percent from 2007, when the amount of corn planted was the highest since World War II. The report is based on sample surveys of 86,000 farm operators in the first two weeks of March