Alto Ingredients Inc (ALTO)

[Rule_62]

Good to see the PEIX production margin move from $1.037 on Aug 1st to just shy of $1.20 at $1.198 today. I suspect it'll climb a bit more, as Cal ethanol price moves seem to lag moves by CBOT. The CBOT Sept price gained a full $0.10 today.

From DTN:

"Aggressive gains quickly developed through the ethanol futures market with traders focusing on the drop in ethanol supplies last week reported in the latest EIA data. Corn markets remained stable with little activity developing across the complex."

From PFL:

"Ethanol however, more than doubled those gains, jumping 4.8%, even as production rebounded by 29,000 barrels per day, to an estimated 931,000 daily rate. Despite the uptick in output, stocks still declined by half a million barrels, prompting the rally in the futures."