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Sunday, July 29, 2012

ADM says ethanol MARGINS PLUMMETING

ADM says ethanol MARGINS PLUMMETING

In France, ADM’s CEO told an investor’s conference in Paris that ethanol margins have fallen to nearly 30 cents loss per gallon, down even further from the 13 to 15 cents loss per gallon seen in the reporting period to May 1. Low corn supplies until the upcoming harvest arrives means some facilities are having difficulties sourcing corn.

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