Please add the Governors' Biofuels Coalition to your address book for uninterrupted delivery
View this email in a web browser.
Governors' Biofuels Coalition
NEWS UPDATE October 31, 2012

Tight ethanol margins squeeze ADM

Dan Piller, Des Moines Register  •    •  Posted October 31, 2012

Archer Daniels Midland reported fiscal first quarter earnings of $182 million, or 28 cents per share, down from $460 million, or 68 cents per share in the same period one year earlier. The company said “corn Processing profit decreased $115 million as continued negative ethanol margins more than offset improved results from sweeteners and starches.”
[ read more … ]

Cattle, corn contribute to ethanol bonanza

By ART HOVEY/Lincoln Journal Star  •    •  Posted October 31, 2012

The economic bounce that comes from the combination of corn and cattle in Nebraska “is unmatched any other place in the country,” agricultural economist Bruce Johnson told the Nebraska Ethanol Board on Tuesday. And the distillers grain that is left over from making ethanol at the state’s two dozen ethanol plants is a big part of that picture, the University of Nebraska faculty member said at the board’s October meeting in Lincoln [ read more … ]

Valero Idles Nebraska, Indiana Ethanol Mills on Poor Margins

By Mario Parker, Bloomberg  •    •  Posted October 31, 2012

Energy Corp. (VLO), the third- biggest U.S. ethanol producer, idled its distilleries in Albion, Nebraska, and Linden, Indiana, until it’s profitable for the plants to produce the fuel. The mills each have capacity to produce 120 million gallons of the fuel, annually, and were shut earlier this year because of the poor margins before San Antonio-based Valero restarted them in September. [ read more … ]

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.