High Corn Prices Cast Shadow Over Ethanol Plants

NPR - Business
by Robert Siegel

All Things Considered, July 15, 2008 · A rush to cash in on ethanol has slowed as soaring corn prices squeeze profit margins for producers of the alternative fuel. At a recent high of $7 per bushel, the corn used to make ethanol has tripled in price since many plants were built two years ago, and some facilities have been shut down or put on hold.

Ethanol took off in 2006, in response to two federal policies.

Read the full story