Archer-Daniels-Midland Co. (ADM), the world’s largest corn processor, sees ethanol demand rising and is “optimistic” about margins for 2014 and 2015 as the coming U.S. harvest increases supplies. Source Bloomberg.com
This news is welcome news to the Ethanol Industry, especially after last years harsh drought.
Corn futures in Chicago have dropped 43 percent from a year earlier as U.S. farmers prepare to harvest a record crop. The combination of lower prices and greater supply will give an incentive to mix ethanol with gasoline, Chief Operating Officer Juan Luciano said today on ADM’s second-quarter earnings call. Source Bloomberg.com
Hopefully, a large harvest in 2013, as prediceted will continue to help this industry get on track and reach the mandates set out by the federal government.