# Ethanol industry – on the edge of collapse? | An official publication of Michigan Farm Bureau

> Michigan has three of its five ethanol plants closed, and the two remaining plants have scaled back production. The industry faces record-low crude prices and a 50-60% drop in fuel consumption from COVID-19 travel restrictions. One plant has converted some capacity to hand-sanitizer production.

- Date: 2020-04-27 · published 2020-04-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/53647-ethanol-industry-on-the-edge-of-collapse-an-official-publication-of-michigan
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Ethanol plant closures reduce corn grind and DDGS output, tightening byproduct feed supply and weakening local corn demand in the Midwest.

## Read by commodity

- CORN: bearish ▼
- DDGS: bullish ▲

## Sources

- michiganfarmnews.com: https://www.michiganfarmnews.com/ethanol-industry-on-the-edge-of-collapse-

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