Chengxi Jiang's questions to Green Plains Inc (GPRE) leadership • Q1 2025
Question
Chengxi Jiang, on for Laurence Alexander, asked about current ethanol inventory levels and the dynamics of export demand. She also inquired about the profit contribution from the corn oil and protein platforms year-to-date and the outlook for the remainder of the year.
Answer
Imre Havasi, SVP of Trading, stated that ethanol inventories were at 25 million barrels, down from recent highs, with strong exports putting the industry on track for 2 billion gallons for the year. He noted the primary risk is weaker domestic demand. For co-products, he highlighted that corn oil prices have improved significantly to $0.55/lb, supporting margins, and he remains optimistic about its contribution for the rest of the year.