Ping Cheezehusker: FYI



July 11 (Reuters) - U.S. ethanol output plunged 4 percent to
its lowest level in nearly two years last week as soaring corn
prices pushed many biofuel refineries into the red.
Ethanol production totaled 821,000 barrels per day, down
36,000 bpd, in the week ended July 6, according to the Energy
Information Administration.
It was the lowest production since the week that ended July
23, 2010, and the fourth straight weekly decline. Stocks of the
fuel fell 761,000 barrels to 19.53 million barrels.
At least three ethanol plants -- two in Nebraska and one in
Indiana -- are idling due to rising corn prices and negative
profit margins.
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