# Ethanol plants saw strong profits in 2023 | Agri-Pulse Communications, Inc.

> Net ethanol plant earnings averaged 29 cents per gallon in 2023, more than twice the average since 2007, according to Irwin's analysis. Quarterly margins ranged from a 74 cent high to a 5 cent loss. Plants also gained efficiency per bushel but produce less DDGS.

- Date: 2024-02-14 · published 2024-02-14T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/31665-ethanol-plants-saw-strong-profits-in-2023-agri-pulse-communications-inc
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Higher plant margins support continued corn grind, while the shift toward less DDGS per bushel tightens feed co-product supply. Feed buyers may see firmer DDGS values relative to corn.

## Read by commodity

- CORN: neutral
- DDGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-11-08 | [Nation's corn crop is shrinking \| 2019-11-08  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/56017-nation-s-corn-crop-is-shrinking-2019-11-08-agri-pulse-communications-inc.md) | +0.0% | -0.3% |
| CORN | 2024-02-12 | [Another Strong Year for Ethanol Production Profits in 2023 - farmdoc daily](https://feedsoft.ai/events/31664-another-strong-year-for-ethanol-production-profits-in-2023-farmdoc-daily.md) | -1.8% | +3.5% |
| CORN | 2018-12-12 | [Few surprises in last WASDE of 2018 \| 2018-12-11 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/61508-few-surprises-in-last-wasde-of-2018-2018-12-11-agri-pulse-agri-pulse.md) | +1.1% | +1.4% |
| CORN | 2022-02-24 | [USDA sees bigger soy production, exports and crush for 2022-23 \| 2022-02-24 \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/42780-usda-sees-bigger-soy-production-exports-and-crush-for-2022-23-2022-02-24-agri.md) | +6.5% | +12.3% |
| CORN | 2021-03-09 | [Corn, soy, wheat ending stocks hold steady for March \| 2021-03-09  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/48068-corn-soy-wheat-ending-stocks-hold-steady-for-march-2021-03-09-agri-pulse.md) | -10.3% | -1.3% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/20640-ethanol-plants-saw-strong-profits-in-2023

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