Wednesday, May 21, 2014 12:58:38 PM
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I entered that latest margin into my table and re-posted below. Notice the average spread for the quarter to date continues to be well above Q1. Note that the numbers for week 21 only incorporate the first 2 days of the week at this point. I still think the trend for week 21 is pointing to a crush margin rebounding back to the $0.70 range.
At this pace, I suspect the net $0.40 number from the Wedbush conference last week to estimate ethanol and co-products revenue will prove to be very conservative for Q2.
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