Saturday, January 28, 2017 11:54:56 PM
Note the 77 cents per gallon is a the price received for a gallon of ethanol plus the distillers grain less the cost of corn. It does not include the other costs such as electicity, labor, office expense etc etc. When the margin averages 50 cents, that appears to be near a breakeven point.
For the first quarter of 2017 we are currently averaging only 55 cents per gallon. The margin has declined for The weekly rate posted yesterday was at only 45.35 cents per gallon. This is the first time in 26 weeks that there has been below 50 cents per gallon. The rate has not been as yesterdays level of 45.35 in over a year. The weekly report has shown the crush margin decrease in value in each of last seven weeks.
Unless they are on the correct side of a hedge, PEIX is currently not making money.
Again, the fourth quarter report should show healthy profits. First Month of quarter 1 not so.
Need to get back on track.
Recent ALTO News
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