Standing outside the Central Minnesota Ethanol Co-Op in Little Falls, Minn., there's not a lot going on. The pungent smell of fermentation that typically hangs in the air here is absent. And trucks piled high with corn are nowhere to be seen.
They're idled in part because of high corn prices. And it's unclear when that will change.
"Most of the industry is just breaking even in terms of profitability or actually running at slightly negative margins," says Geoff Cooper, vice president of research and analysis at the Renewable Fuels Association.