Will Corn-based Ethanol Go Belly-up?
#spacer{clear:left}#abc #sidebar{margin-top:1.5em}if(zs>0){zSB(3,3)}else{gEI(“spacer”).style.display=’none’;gEI(“sidebar”).style.display=’none’}Are the days of fast and easy ethanol profits over? According to a recent CNNMoney.com article, the answer is a resounding yes. With bankruptcy plans and canceled ethanol plants worth $200 million being abandoned (over 50 in the past few months alone), corn prices are taking the blame. With the demand for corn going gangbusters, prices per bushel have gone from $2 (2006) to over $5.25 (current). And that all shakes out to dropping profits–and the demise of the little guys, with lower profit margins favorin
