Local Ethanol Plant Idled 25 Sep 12

The high cost of corn has led to a southern Minnesota ethanol plant being closed down for now. The Biofuel Energy Corporation says it is idling its Fairmont ethanol plant until it can “secure local corn at price levels that support better margins.” The company will keep its Nebraska ethanol plant open. Corn and other commodity prices have risen dramatically this summer due to the ongoing drought across the country — although they have dropped back a bit in recent days.