Alto Ingredients Inc (ALTO)

[Rule_62]

From the PFL daily report:

Physical ethanol remained strong after very strong gains the prior
couple of days. November Argo was last seen $1.96 @ $1.99 Next week Argo traded $2.10 while prompt traded as high as $2.18. This week Chicago Rule 11 transacted at $2.24 in the market while some prompt FOB IN was heard to be bid as high as $2.25 for seller’s cars.

So what's driving this? Has the RFS decision leaked out to big oil, prompting a buying surge while they can get ethanol at these prices? Did a fleet of tankers just set sail, after siphoning enough ethanol off from national inventory to drop the levels by 10%?

Overall, the PEIX production margin weekly average was $0.873, up from $0.763 last week. If the prices from the last couple days hold, we'll be above, or at least very close to a buck next week.