Alto Ingredients Inc (ALTO)

[Rule_62]

An hour down Hwy 99 from Madera, farmers at Tulare are selling new crop corn for $7.50/cwt ($4.20/bushel).
California Weekly Grain Report

CBOT + basis for near futures works out to $4.54.

Meanwhile, the spot price for corn dropped to $2.86 on the MGEX today. Add the basis to that and you get $4.14

Somehow I doubt PEIX is paying CBOT near futures price at present.