US weekly ethanol margins improve, still negative

Reuters UK
Fri Jan 9, 2009 8:37pm GMT

NEW YORK, Jan 9 (Reuters) - Average U.S. ethanol distillers remained in the red this week, though not as deeply as last week thanks to an uptick in prices for the finished product, analysts said.

The ethanol crush spread rose about 7.8 cents to 19.8 cents a gallon, using the formula of the Midwest ethanol price, minus the corn price divided by 2.8.

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