Corn Settles Higher on Rising Oil

December corn jumped 4.6 cents to $3.79 per bushel Friday on higher oil prices. December crude settled up $1.67 to $95.10 per barrel. Weekly corn export sales were 1.364 million metric tons which met analyst expectations. Monday, the USDA is scheduled to release its weekly export inspections report at 11 a.m. (Eastern) and its weekly crop progress report at 4 p.m.

Plant Name (Company)
Yesterday's Corn Bid  Today's Corn Bid
 Aurora Plant (Verasun)
 $3.41 $3.46
 Fort Dodge Plant (Verasun)
 $3.59 $3.62
 Charles City Plant (Verasun)
 $3.55 $3.64
 Iowa Falls Plant (Hawkeye)
 $3.60 $3.64
 Fairbanks Plant (Hawkeye)
 $3.63 $3.68
 Iroquois Plant (Iroquois Bio-Energy)
 $3.61 $3.65
 Redfield Plant (Redfield Energy)
 $3.43 $3.47
 Glacial Plant (Glacial Lakes Energy)
 $3.43 $3.48

Since all the major pure-play ethanol producers have posted their third quarter results, let's see how they faired with corn costs.

Company  Third Quarter Corn Costs
Second Quarter Corn Costs
 Pacific Ethanol
 $4.54 per bushel
$4.23 per bushel
 VeraSun
 $3.32 per bushel
$3.62 per bushel
 US BioEnergy
 $3.15 per bushel$3.97 per bushel
 Aventine $3.79 per bushel$3.99 per bushel

 

What did you think of this article?




Trackbacks
  • No trackbacks exist for this entry.
Comments
  • No comments exist for this entry.
Leave a comment

Submitted comments will be subject to moderation before being displayed.

 Enter the above security code (required)

 Name

 Email (will not be published)

 Website

Your comment is 0 characters limited to 3000 characters.