Profit margins at U.S. ethanol production facilities have improved drastically as a warming trend moved into the Midwest and natural gas prices declined, according to Brandon Marshall, analyst for Northstar Commodity, Minneapolis, Minn.
"Profit margins swelled quite a bit last week," Marshall said. He said last week profit margins averaged 67.0 cents per gallon compared with 39.0 cents per gallon the previous week.
The majority of U.S. ethanol plants are powered by natural gas, which is also used to dry distillers grains.
Myke Feinman can be reached at email@example.com
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