# Green Plains shuts plant, faces ethanol downturn

> Green Plains, the nation's fourth-largest ethanol producer, has permanently closed a 60 million gallon plant in Hopewell, Virginia, and cut output at several other facilities. Ethanol prices have reached decade lows amid flat domestic demand and the loss of Chinese import demand from the trade war.

- Date: 2018-11-15 · published 2018-11-15T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/62046-green-plains-shuts-plant-faces-ethanol-downturn
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Plant closures and idled capacity cut corn demand from ethanol producers, which is bearish for corn and DDGS. The industry-wide shutdowns show the glut is hitting processors hard.

## Read by commodity

- CORN: bearish ▼
- DDGS: bearish ▼

## Sources

- admin.hydrocarbonprocessing.com: https://admin.hydrocarbonprocessing.com/news/2018/11/green-plains-shuts-plant-faces-ethanol-downturn/

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