REX American Resources (REX)

[value1008]

Very interesting to see their avg prices on the basic commodities of their business. The natgas price is much higher than i would have thought-- it obviously includes basis costs (the CARD site on ethanol producers' margins always pads the natgas cost with basis costs, i.e., transport costs). For Q1 we should see somewhat lower natgas prices and also see MUCH higher DDG selling price-- avg probably around $200/ton. The avg selling price of ethanol, by contrast, will not be very pretty....

Average selling price per gallon of ethanol $ 1.81
Average selling price per ton of dried distillers grains $ 117.08
Average selling price per pound of non-food grade corn oil $ 0.28
Average selling price per ton of modified distillers grains $ 57.51
Average cost per bushel of grain $ 3.54
Average cost of natural gas (per mmbtu) [incl. basis] $ 5.22