Alto Ingredients Inc (ALTO)

[Rule_62]

Da train boss, it's da train!

West Coast spot ethanol prices rallied in early trade ahead of weekly supply data, with trade sources saying ongoing railroad woes are keeping drawn down inventories from being replenished in a timely fashion.

"It is winter and everybody's trying to load the trains, so the rail service is getting congested," said a trade source. "The industry thinks (plant) run rates are getting higher, but the rail service is not getting better for the next five months."

Prompt California ethanol traded at $2.38 per gallon, up 6.0 cents, while Arizona prompt ethanol traded at $2.40 and $2.42 per gallon for a 9.0-cents gain.

Source: DTN

Maybe Christmas came early :D