Alto Ingredients Inc (ALTO)

[Rule_62]

I really think the best thing the ethanol producers could do right now is shut down for plant maintenance en mass. The stocks on hand are not excessive for this time of the year when compared to other years. Yes they're lower some years, like last year when the impact of the cost of corn meant a lot of plants weren't even operating. Other years inventories were as high or higher. This year, however, it seems the oil industry is attempting to squeeze them, playing a wait and see game and letting the corn surplus drag the price down. They should respond as a unified front. I doubt they will though, because as an industry they're not mature enough to respond to supply and demand. Nor are they the oil industry, who as an end supplier to consumers, will continue to rape and pillage on both sides of the equation. They'll as readily screw the ethanol producers as they will the consumer.