Ethanol hits all-time lows, plant shutdowns
Successful Farming/Agriculture.com freelance writer, Jerry Perkins, pieced together a real nice piece looking at the current situation with the ethanol industry. It's worth a look.
What's the situation with your nearby ethanol plant?
Re: Funny you asked.
I called the local ethanol plant corn broker to ask similar questions today myself. They are planning to use up the corn they already have and then do an early maintenance shutdown. Normally they shut down for two weeks during the summer to do maintenance but they'll go early this year and hope things look better. They are prepared for an extended shutdown if things don't improve.
It makes me wonder if I should even bother to plant, without that ethanol plant there's really no market for corn here anymore.
Now that I think about it, it makes sense, the ethanol plant shuts down, they clean it all up and then wait a few weeks to a few months and then decide if they really want to re-start. I guess we'll know more when they announce the layoffs.