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11-14-2008, 10:19 AM
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VeraSun says third quarter operating loss as high as $637 million
In South Dakota, VeraSun Energy announced that it will report an operating loss of up to $637 million in the third quarter, having locked in to prices of nearly $8 per bushel for corn, while corn and ethanol prices fell rapidly through the period.Yesterday the December contract for corn stood at $3.77 on the CBOT, [...]
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