We hope your harvest season has been safe, bountiful, and gratifying. We are grateful for your investment in the Carrollton facility; allowing us to purchase grain and add value to the Missouri-grown crop while providing excellent jobs in the community. 

In the third quarter, Show Me Ethanol purchased and processed over 5.5 million bushels of corn! Year to date, we have purchased over 15.5 million bushels and produced 46 million gallons of ethanol, 16 million pounds of corn oil, and 115 thousand tons of distillers grains. The employees, supply, product sales and distribution teams have managed well through these difficult logistics markets and executed well on our business plan. We are thankful for their excellent performance!

The 3rd quarter of 2021 was a good one! Ethanol margins improved as driving demand increased through the summer. The third quarter crush margin was better than the industry has experienced in a long time. Our 2021 year to date profits are now over $6 million. The financial statements are summarized on the following pages.

The Board of Managers announced a distribution of $1,000,000 at our annual meeting in July. Throughout the quarter, we became aware of a higher than normal rate of checks being lost, which caused several members to be forced to request new checks. I apologize to those who were affected; we will do better in the future.

The margin structure continues to look positive for the remainder of the year as the economy returns to pre‐pandemic activity. Positive margins and increased corn availability has caused increased ethanol production nation‐wide, which eventually will reduce the ethanol crush margin. Until that happens, we will work hard to “make hay while the sun is shining.” Happy Holidays and thank you for your investment in your locally owned ethanol facility! 

Brian