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Stock impact report

Green Plains: From Ethanol Plants To Protein Factories [Seeking Alpha]

Green Plains, Inc. (GPRE) 
Last green plains, inc. earnings: 2/10 05:00 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.gpreinc.com
Company Research Source: Seeking Alpha
Green Plains: From Ethanol Plants To Protein Factories Summary Green Plains would have lost $85 million in 2018 were it not for asset sales. Ethanol margins were historically low due to excess production. Recent surge in corn prices squeezed margins again. Plan is to re-purpose plants to produce proteins for feed. First plant refigured later this year, starting the transformation. 2018 was a terrible year for the ethanol industry. For the last 100 days of the year, the ethanol margin was negative, the weakest period in the history of the industry. And Green Plains, Inc. GPRE VLO 2018 Annual Report The ethanol market had become oversupplied. Ethanol inventories reached new highs due to higher production and Chinese tariffs, which hurt export demand. The industry had overbuilt production capacity, enabling production to set records. Meanwhile, the domestic demand for gasoline, with which ethanol is blended, leveled off. 2019 As bad as 2018 was, extensive rain throughout much of the corn Show less Read more
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