Archer Daniels Midland is being accused of manipulating the ethanol market. Green Plains, which is one of the largest U.S. ethanol producers, filed the lawsuit in the U.S. District Court in Nebraska. ADM is accused of timing large sales of ethanol in the cash market 30 minutes before the end of the trading day. That weakened the price at this terminal just outside of Chicago, depressing the markets for corn farmers and farm cooperatives.
News Categories
Latest RRFN Podcasts
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.