# Heartland banks have a new worry in turbulent ethanol business | American Banker

> Midwest banks are concerned that ethanol profits have been squeezed by low prices, weather-hit corn costs and EPA waivers of renewable fuel requirements for refiners. Ethanol prices are more than 16% lower than last summer, and profits have settled below 5 cents per gallon.

- Date: 2020-02-13 · published 2020-02-13T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/54602-heartland-banks-have-a-new-worry-in-turbulent-ethanol-business-american-banker
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Federal waivers that reduce ethanol blending requirements weaken ethanol demand and can cut plant corn grind. Plant closures or idling would reduce DDGS output and corn demand.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-06-15 | [Poultry producers cash in on beef slaughter ban as demand for chicken rises \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/70567-poultry-producers-cash-in-on-beef-slaughter-ban-as-demand-for-chicken-rises.md) | -1.8% | -3.2% |
| CORN | 2022-08-29 | [Mexico’s ban on GM corn could bear negative repercussions \| Food Business Middle East & Africa - No.1 Food & ...](https://feedsoft.ai/events/40011-mexico-s-ban-on-gm-corn-could-bear-negative-repercussions-food-business-middle.md) | +0.5% | -0.0% |
| CORN | 2019-08-30 | [Interview: Ringneck Energy looks to avoid US ethanol industry's woes: CEO](https://feedsoft.ai/events/57583-interview-ringneck-energy-looks-to-avoid-us-ethanol-industry-s-woes-ceo.md) | -2.4% | +1.4% |
| CORN | 2021-07-17 | [Is American GMO Corn Banned in Mexico? Nobody Really Seems Sure - Modern Farmer](https://feedsoft.ai/events/46044-is-american-gmo-corn-banned-in-mexico-nobody-really-seems-sure-modern-farmer.md) | -1.1% | +0.0% |
| CORN | 2025-01-23 | [China’s yuan slips on worries over Trump tariff plans, pre-holiday dollar demand - Markets - Business Recorder](https://feedsoft.ai/events/9598-china-s-yuan-slips-on-worries-over-trump-tariff-plans-pre-holiday-dollar-demand.md) | +1.4% | +4.0% |

## Sources

- americanbanker.com: https://www.americanbanker.com/news/heartland-banks-have-a-new-worry-in-turbulent-ethanol-business

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