Thursday, November 13, 2014 1:41:33 PM
The excel file is available right at 11 am. The PDF version doesn't come out until later. In the excel file, select the data tab, then scroll all the way down and all the way over to the right.
West Coast stocks increased by 100k barrels from 2,275k to 2,376k
Probably a response to the significant price increase. Blenders are probably trying to rely on their stocks on hand in hopes the rail situation magically goes away. The continued price pressure increase would seem to indicate that's not going to happen any time soon.
As for corn, the price of corn has been steadily increasing, but on the West Coast, the price of ethanol has consistently outstripped the gains in corn price. It's fairly easy to understand overall.
2.74 gallons of ethanol produced from a bushel of corn.
30% of the price of the corn recovered in by-products.
An 8 cent increase in corn = $0.0292 material increase per gallon ethanol at a basic level
Factor in the co-product return: 0.08 x .3 = 0.024/bushel = 0.0088 return/gallon produced.
So 0.0292 - 0.0088 = $0.0204. In other words, a 2 cent increase in the price of ethanol offsets a 8 cent increase in the price of corn.
West Coast ethanol increased by 10 cents yesterday alone.
Recent ALTO News
- Alto Ingredients, Inc. to Present in the 26th Annual H.C. Wainwright Global Investment Conference • GlobeNewswire Inc. • 09/03/2024 12:30:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2024 08:35:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/06/2024 08:21:10 PM
- Alto Ingredients, Inc. Reports Second Quarter 2024 Results • GlobeNewswire Inc. • 08/06/2024 08:05:20 PM
- Alto Ingredients, Inc. to Release Second Quarter 2024 Financial Results on August 6, 2024 • GlobeNewswire Inc. • 07/30/2024 12:30:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/08/2024 08:15:43 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 08:13:30 PM
- Alto Ingredients, Inc. Reports First Quarter 2024 Results • GlobeNewswire Inc. • 05/06/2024 08:05:21 PM
- Alto Ingredients, Inc. to Release First Quarter 2024 Financial Results on May 6, 2024 • GlobeNewswire Inc. • 04/29/2024 12:30:15 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 03/11/2024 08:18:04 PM
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- Alto Ingredients, Inc. to Participate in the 36th Annual Roth Conference • GlobeNewswire Inc. • 03/05/2024 01:30:06 PM
- Alto Ingredients, Inc. to Release Fourth Quarter 2023 Financial Results • GlobeNewswire Inc. • 03/04/2024 01:30:24 PM
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- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/08/2023 09:32:32 PM
- Alto Ingredients, Inc. to Participate in Upcoming Conferences • GlobeNewswire Inc. • 11/08/2023 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/06/2023 09:19:10 PM
- Alto Ingredients, Inc. Reports Third Quarter 2023 Results • GlobeNewswire Inc. • 11/06/2023 09:05:29 PM
- Alto Ingredients, Inc. to Release Third Quarter 2023 Financial Results • GlobeNewswire Inc. • 10/30/2023 12:30:00 PM
- Alto Ingredients, Inc. to Present at the LD Micro Main Event XVI • GlobeNewswire Inc. • 09/27/2023 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/20/2023 09:20:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/19/2023 08:05:34 PM
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