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Verasun's Screw Up

Posted on September 18, 2008

According to this report from Forbes it appears that VeraSun Energy (VSE) managed to lock in a significant amount of corn contracts at near the peak of the recent corn run up. In the mean time, ethanol prices have fallen in lock step with falling corn prices.So VeraSun got upside down between their feedstock costs and the prices it could get for the end product. Analysts are now forecasting a 44 per share loss for the 3rd quarter....

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ethanol , ethanol prices