Poet LLC announced it is expanding purified-alcohol production at an ethanol plant in Ohio and is launching a new label for renewable carbon dioxide and dry ice.
May ethanol futures closed unchanged at $2.01 Friday and June ethanol futures were unchanged at $2.01. May corn closed down 4 1/2 cents at $5.85 1/2 and July corn was down 3 cents at $5.73 3/4.
Federal data show domestic ethanol inventories continued lower for a third straight week, down to a 21-week low as blending demand reached its highest level in nearly 13 months, according to the Energy Information Administration.
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