Growth in Corn Harvest Means Good News for Ethanol Producers - Todd Sullivan

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Growth in Corn Harvest Means Good News for Ethanol Producers
Aug 13, 2008 07:31 AM UTC

Todd Sullivan

Return	Risk
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Symbol	Sentiment	Start	Return	Closed
PEIX		08/13/08	-82.45%	--
VSE		08/13/08	n/a	--
ADM		08/13/08	+17.45%	--

Via Long Investment Ideas from Seeking Alpha:

Good news for ethanol producers like ADM (ADM), Verasun (VSE) and Pacifc Ethanol (PEIX).

The U.S. Department of Agriculture forecast that farmers will harvest 12.3 billion bushels of corn, up more than 570 million bushels from last month's estimate of 11.7 billion. That's down 6% from last year's record crop of 13.1 billion bushels, but 17% above the 2006 harvest.

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