Alto Ingredients Inc (ALTO)

[Rule_62]

Wade did you see the post I made on Friday? I don't have a lot more to add to that. Current daily and weekly numbers are great. They're well over double the daily/weekly numbers we saw early in the quarter. At one point in the past 10 days the daily margin was almost triple the $0.50 low we saw on October 1st. Whether the average for the quarter ends up higher or lower than Q3 remains to be seen. I currently have it @ $0.858 (making some assumptions for today) and climbing around 1.2 cents a day.

There are so many factors in play right now. Rail congestion. Tank car shortages. Winter storms. I just read that the upper Mississippi has already frozen over this year, way earlier than normal. That means even more pressure on the rail system because they can't move grain (including corn) by barge in the effected states. The price of ethanol. The price of corn. The uncertainty over the future of the RFS. Export demand. The price of oil and whether OPEC will cut production. I don't think anyone can predict where things will be come the end of the quarter. It's still 5 weeks out from now.