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Author Topic: Ethanol Plunges Most in Two Weeks as Cheaper Corn Reduces Costs Back to Topics
Mariuxus

Champion Author
Chicago

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Message Posted: Jan 1, 2014 1:35:46 PM

Ethanol futures plunged the most in two weeks as cheaper prices for corn, the worst-performing commodity this year, made it more profitable for distillers to increase output.

The biofuel sank 1.6 percent as corn declined, capping the biggest annual drop since at least 1960, because of a record harvest. The grain is the primary feedstock for ethanol produced in the U.S., with one bushel making at least 2.75 gallons of the fuel alternative.

“With the price of corn going lower, that certainly helps” the ethanol producer, said Matt Janney, a broker at Futures International LLC in Chicago.

Denatured ethanol for January delivery fell 3.1 cents to settle at $1.911 a gallon on the Chicago Board of Trade. Prices dropped 13 percent this year, a third straight annual decline and the biggest sin
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REPLIES (newest first) Post a Reply
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bston
Champion Author Oklahoma City

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Message Posted: Jan 2, 2014 11:07:34 PM

Corn doesn't make for good gas.
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TruthMatters
Champion Author New Jersey

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Message Posted: Jan 2, 2014 8:45:12 PM

OK
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DoctorV
Champion Author Detroit

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Message Posted: Jan 2, 2014 2:07:39 PM

Ethanol only averages about %9.2 of a gallon of gas, so big price swings aren't going to affect the price of a gallon of gasoline that much.
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Zeke33
Champion Author New Hampshire

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Message Posted: Jan 2, 2014 12:16:07 PM

If ethanol plunges, we should see it at the pumps? LOL
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peabeax55
All-Star Author Atlanta

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Message Posted: Jan 2, 2014 12:10:24 PM

Maybe the end result will be reduced prices for corn so
cattle and hog farmers can afford to feed their livestock
and actually decrease meat prices at the store.

What a concept.
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JOHNJOEYJOE
Champion Author Texas

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Message Posted: Jan 2, 2014 7:55:13 AM

More corn for cornbread.
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zuess28
Champion Author Allentown

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Message Posted: Jan 2, 2014 7:16:53 AM

Glad to see its finally going down in price.Maybe by spring it will be low enough to eat once again.
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dr047
Champion Author Cleveland

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Message Posted: Jan 2, 2014 7:09:47 AM


Not plunging far enough.
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jrs4125
Champion Author Indiana

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Message Posted: Jan 2, 2014 7:09:09 AM

For now.
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VMIJim
Champion Author Alabama

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Message Posted: Jan 2, 2014 5:32:54 AM

And the roller coaster ride of fuel prices under Oblamer continues amid all the lies, coverups, scandals, failed economic policies, & gross incompetence. The working class taxpayers will continue to be screwed at the pump, with our utilities, & with our taxes to fund Oblamer's out of control entitlement spending. Stop this madness in Nov 2014!
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leeac
Champion Author Ohio

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Message Posted: Jan 2, 2014 3:42:11 AM

Turning food into fuel for vehicles is the dumbest idea ever.
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sickhp
Champion Author San Antonio

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Message Posted: Jan 1, 2014 9:41:31 PM

Stop using food in our fuel.
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skempton
Champion Author Vermont

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Message Posted: Jan 1, 2014 9:40:30 PM

Get rid of ethanol in gas.
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andy1024
Champion Author Allentown

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Message Posted: Jan 1, 2014 9:01:09 PM

Remove the EPA mandate and just let ethanol run it's natural courses.
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drpepperTX
Champion Author Texas

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Message Posted: Jan 1, 2014 8:43:41 PM

"It's the fuel cost per mile and ethanol is cheaper. There is a surplus of corn and with the cheaper cost of natural gas, ethanol is cheaper to process."
==========================
WOW! What a norrowminded Eco-imperialist statement!

Wrong on two counts as usual.

There is no "surplus" of corn, only a good crop at the expense of the environment and millions of acres of conservation lands taken out of the program to cover ethanol mandates.

Secondly, there is no savings on cost per mile with the current cost of ethanol as a ratio to mpg.

I think it was teenitup who earlier posted in another article about his back being tired from carrying these liberal deadweights on his back. I wholeheartedly agree!
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Tekkersmom57
Champion Author Syracuse

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Message Posted: Jan 1, 2014 7:42:46 PM

WHO wants ethanol again? NOT us!!!
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Bugger2008
Rookie Author Albany

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Message Posted: Jan 1, 2014 7:22:46 PM

it's not needed!
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WestDriver
Champion Author Grand Rapids

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Message Posted: Jan 1, 2014 6:48:15 PM

Take it out of gasoline, all the way. Cut out the devastation to the environment. And the reduction in MPG. And, . . .
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alterman156
Champion Author New York

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Message Posted: Jan 1, 2014 5:47:16 PM

Take ethanol out of gasoline please.
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xgojim
Champion Author Michigan

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Message Posted: Jan 1, 2014 5:40:22 PM

We need more corn flakes and good beef and much less ethanol.
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Zuegma
Champion Author Nova Scotia

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Message Posted: Jan 1, 2014 5:38:22 PM

It still exceeds its usefulness.
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kag2010
Champion Author Winnipeg

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Message Posted: Jan 1, 2014 4:57:28 PM

Good.
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rte3tdi
Champion Author New Hampshire

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Message Posted: Jan 1, 2014 4:37:27 PM

Still no bargain ... you don't get as many MPGs with Ethanol (about 30% less). That wipes out a significant amount of the savings.
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evowner
Champion Author Salem

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Message Posted: Jan 1, 2014 4:36:34 PM

It's the fuel cost per mile and ethanol is cheaper. There is a surplus of corn and with the cheaper cost of natural gas, ethanol is cheaper to process.
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pleinyeux
Champion Author Montreal

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Message Posted: Jan 1, 2014 4:25:50 PM

We must to stop and stop and stop using ethanol loll
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ooltewah63
Champion Author Chattanooga

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Message Posted: Jan 1, 2014 3:55:45 PM

I would not like ethanol in my fuel at all. It really don't help on fuel economy, but reduces it and makes it worse. Give me 100% gas ethanol free.
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DoctorV
Champion Author Detroit

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Message Posted: Jan 1, 2014 3:41:56 PM

Which came first, the chicken or the egg? There's a record corn crop, partially because the weather was good, but more so because corn prices were high due to ethanol demand.
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highdesertman
Champion Author Albuquerque

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Message Posted: Jan 1, 2014 3:34:16 PM

Good that it will reduce gas prices for the blended fuel but bad that we have to live with ethanol in our gas at all.
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Zeke33
Champion Author New Hampshire

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Message Posted: Jan 1, 2014 3:32:50 PM

That means That pump prices should be dropping too, right? LOL

[Edited by: Zeke33 at 1/1/2014 3:32:53 PM EST]
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mastermariner
Champion Author Texas

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Message Posted: Jan 1, 2014 3:06:44 PM

Good
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BUSMAN1105
Champion Author Atlanta

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Message Posted: Jan 1, 2014 3:04:43 PM

Good news for car owners!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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bar1035
Champion Author Charlotte

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Message Posted: Jan 1, 2014 3:02:48 PM

5% ethanol would be about right.

Meanwhile you may get cheaper eggs.

Our last bag of chicken feed was 7% cheaper.

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saris2011
Rookie Author Virginia

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Message Posted: Jan 1, 2014 2:56:16 PM

ok
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egorbcc
Champion Author Oklahoma City

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Message Posted: Jan 1, 2014 2:55:54 PM

I'm thankful for gas prices going down for any reason.
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BBF_PFS
Champion Author Washington

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Message Posted: Jan 1, 2014 2:42:32 PM

It is time to make corn even more plentiful by ending ethanol production.
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IronMyShirt
Champion Author Akron

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Message Posted: Jan 1, 2014 2:41:13 PM

Good. Now eliminate it entirely.
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drz614
Champion Author Harrisburg

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Message Posted: Jan 1, 2014 2:33:00 PM

would b nice to see ethanol go away
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velichita
Champion Author New Jersey

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Message Posted: Jan 1, 2014 2:08:18 PM

Ban ethanol.
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Taxrefugee
Champion Author Arizona

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Message Posted: Jan 1, 2014 2:03:21 PM

No food for fuel!
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PathfinderSC
Champion Author South Carolina

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Message Posted: Jan 1, 2014 1:59:37 PM

There is nothing good about Ethanol for the people, Just a lot of money
for some rich that can not get enough.

[Edited by: PathfinderSC at 1/1/2014 1:59:06 PM EST]
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badbonita
Champion Author Syracuse

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Message Posted: Jan 1, 2014 1:53:48 PM

Huh, ethanol prices drop and gas prices go up. I know that there is some time delay between 'manufacture/blending' and the fuel at the actual pump.
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PhilMils
Champion Author Virginia

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Message Posted: Jan 1, 2014 1:48:34 PM

Although this is good, I'd rather completely do without ethanol.
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nybearhunter
Champion Author New York

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Message Posted: Jan 1, 2014 1:46:49 PM

NO CORN GAS.
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humblepie
Champion Author Toledo

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Message Posted: Jan 1, 2014 1:45:15 PM

now watch the price of algae spike .......................
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drpepperTX
Champion Author Texas

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Message Posted: Jan 1, 2014 1:43:39 PM

My cattle feed bills are dropping some too.

Add to that, the drought having broken down here in Texas, things are looking better this New Year day.
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SiebsWI
All-Star Author Wisconsin

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Message Posted: Jan 1, 2014 1:38:35 PM

Will this translate to more economical E85 at the pumps in lieu of the $.15 difference at the pump?
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madison8359
Champion Author Cleveland

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Message Posted: Jan 1, 2014 1:37:34 PM

The drama will not stop.
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gypsymom3
Champion Author New Jersey

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Message Posted: Jan 1, 2014 1:36:15 PM

ok
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