Reuters: U.S. ethanol production dropped to its lowest level in 10 months last week as dwindling pre-harvest corn stocks crushed profit margins, while a deepening drought in the Midwest threatens to extend the pain into next year. Following the temporary closure of three U.S. ethanol plants in recent weeks, production plunged 3 percent, or 26,000 barrels per day, to 857,000 bpd in the week ending June 29, the Energy Information Administration said. It was the lowest output and the sharpest decline in...
URL: http://www.reuters.com/article/2012/07/05/usa-ethanol-idUSL2E8I573020120705
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