Last week a Missouri ethanol refinery, operated by POET, announced it was suspending production because of the inability to find enough corn. Others may have taken the same action, but the reason may not have been as pronounced.
There is no surprise about spot shortages of corn following the drought of 2012, and more will be identified as the marketing year progresses. In fact, the low yields of central Illinois prevented sufficient supplies to larger ethanol plants, which have purchased trainloads of corn from higher-yield areas in Minnesota and the Dakotas....
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