(Le Mars) — Corn prices are low, as are gasoline prices, so how is the ethanol industry faring? An Iowa State University agricultural economist says the ethanol industry is facing a good news – bad news scenerio with profit margins becoming very slim.
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Chad Hart spoke at a Crop Advantage seminar in Le Mars on Tuesday. He says ethanol is able to compete when oil prices are high, but times like today, the ethanol industry still needs support from subsidies.
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Hart says there isn’t much optimism for improvement in the grain prices for this next marketing year.
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The grain marketing specialist says if there is a possibility for hope in the grain markets, it could be with exports.
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