# Ethanol Margins Double as Clean Fuel Credits Lift Profit

> Green Plains reported third-quarter 2026 adjusted EBITDA of $118 million and an ethanol crush margin of $122.8 million, more than double the year-earlier level. Ethanol sales volume fell to 174.9 million gallons from 197.3 million, while the company recorded $65 million in net value from 45Z tax credits and agreed to monetize its 2026 credits.

- Date: 2026-11-06 · published 2026-11-07T03:22:10.229Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/85479-ethanol-margins-double-as-clean-fuel-credits-lift-profit
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Clean-fuel tax credits and improved ethanol margins support U.S. ethanol plant utilization, underpinning corn demand for feedstock. Lower reported sales volumes partly temper that demand signal.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-06-20 | [US biofuel policy increases ethanol margins; DDGS market sees limited impact](https://feedsoft.ai/events/24201-us-biofuel-policy-increases-ethanol-margins-ddgs-market-sees-limited-impact.md) | -3.3% | -3.7% |
| CORN | 2022-06-30 | [EIA: Ethanol and Biomass-based Diesel Prices - Fuels Market News](https://feedsoft.ai/events/15389-eia-ethanol-and-biomass-based-diesel-prices-fuels-market-news.md) | +1.0% | -16.7% |
| CORN | 2022-01-25 | [With Strong Industry Margins, Iowa Ethanol Industry Looks for E15 While Pushing Back on EVs](https://feedsoft.ai/events/43132-with-strong-industry-margins-iowa-ethanol-industry-looks-for-e15-while-pushing.md) | +2.6% | +7.9% |
| CORN | 2024-06-05 | [Brazil could triple corn ethanol output, margins to stay healthy: Inpasa](https://feedsoft.ai/events/29741-brazil-could-triple-corn-ethanol-output-margins-to-stay-healthy-inpasa.md) | +5.7% | -3.0% |
| CORN | 2024-12-23 | [Govt may reduce reserve sale price for rice for ethanol production - GreenLeaf](https://feedsoft.ai/events/27019-govt-may-reduce-reserve-sale-price-for-rice-for-ethanol-production-greenleaf.md) | +0.5% | +6.9% |

## Sources

- wearemainstreet.org: https://wearemainstreet.org/world/us/2026/11/06/green-plains-record-q3-ethanol-margins-45z

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