Green Plains sues ADM over alleged ethanol market manipulation
Omaha-based ethanol producer Green Plains is suing Archer Daniels Midland over alleged ethanol market manipulation.
Green Plains accuses ADM of manipulating the price of ethanol to profit from its positions in the derivatives market. The lawsuit seeks unspecified damages.
A similar lawsuit was filed against ADM by a Swiss commodities trader in September 2019. That case is currently ongoing.