LITTLE FALLS, Minn. (AP) - The high price and low supply of corn has idled an ethanol plant in Little Falls.
The Central Minnesota Ethanol Co-op has suspended operations. The plant's general manager, Dana Persson, says that until they can buy corn or sell ethanol at a better price, it's to their advantage to stop production.
The St. Cloud Times reports that the co-op began operating in 1999 and has produced about 21 million gallons of ethanol a year.
Currently, the cash price for a bushel of corn is currently $7.27 compared to $4.87 a bushel in November of 2010.
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