Saturday, 5 March 2011
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Higher Corn Prices Equal Lower Ethanol Profit Margins
The Telvent DTN National Corn Index on Thursday showed a national average basis of 47 cents under the Chicago May futures contract, steady with the previous day. The national average cash price was up 15 cents for the day, following a stronger futures market. This translates into higher costs for raw materials for corn buyers at ethanol plants, Granted, buyers have not been that aggressive in
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