# Another Strong Year for Ethanol Production Profits in 2023 - farmdoc daily

> Iowa State and University of Illinois modeling by Scott Irwin estimates that a representative Iowa ethanol plant earned strong profits in 2023. The analysis tracks a 100 million gallon dry mill built in 2007 through a year of volatile corn and ethanol prices.

- Date: 2024-02-12 · published 2024-02-12T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/31664-another-strong-year-for-ethanol-production-profits-in-2023-farmdoc-daily
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Strong margins let ethanol plants run at high rates, which supports corn grind demand and DDGS output. Lower corn costs drove much of the profit, so margins are sensitive to the corn-ethanol price spread.

## Read by commodity

- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-03-05 | [2024 Ethanol Production Profits: Regression to the Mean? - farmdoc daily](https://feedsoft.ai/events/25562-2024-ethanol-production-profits-regression-to-the-mean-farmdoc-daily.md) | +3.5% | +6.0% |
| CORN | 2019-02-22 | [Another Record Year for Meat Production Forecast for 2019](https://feedsoft.ai/events/60541-another-record-year-for-meat-production-forecast-for-2019.md) | -1.3% | +2.0% |
| CORN | 2024-02-14 | [Ethanol plants saw strong profits in 2023 \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/31665-ethanol-plants-saw-strong-profits-in-2023-agri-pulse-communications-inc.md) | +0.5% | +3.9% |
| CORN | 2022-09-27 | [Fertilizer Prices, Rates, and Costs for 2023 - farmdoc daily](https://feedsoft.ai/events/11906-fertilizer-prices-rates-and-costs-for-2023-farmdoc-daily.md) | +1.8% | +4.0% |
| CORN | 2019-02-28 | [2018 Year End RIN Update - farmdoc daily](https://feedsoft.ai/events/60464-2018-year-end-rin-update-farmdoc-daily.md) | -0.8% | +1.1% |

## Sources

- farmdocdaily.illinois.edu: https://farmdocdaily.illinois.edu/2024/02/another-strong-year-for-ethanol-production-profits-in-2023.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.