date:Feb 26, 2013
Persistent high corn prices have had a negative effect on ethanol profit margins, said Tim Statts, vice-president of risk management for Schneider Electric, Louisville, Ky., but he sees no signs ethanol production wont stay robust, despite the circular effect of ethanol moving corn prices higher while those same prices erode ethanols profitability.
Since the creation of the ethanol mandate, corn prices have done nothing but go up, he said. Despite those prices ultimately helping drive grocery