Alto Ingredients Inc (ALTO)

[Rule_62]

It's exports (most likely to Brazil) that's not only eating up the surplus production, but also eating up the inventory levels.

Week over week drop in inventory level:
17335k - 17072k = 263k barrels

Total produced = 970k barrels/day = 6790k/week
Total consumed = 854k barrels/day = 5978k/week
Total surplus produced = 117k barrels/day = 819k/week

Total exports = 1082k barrels (15.94% of weekly production)

And why do I say most likely to Brazil? Simple. See the news article I first posted yesterday.

"Bad weather in Brazil has hurt crop growth, with yield down 9% from year-ago levels. As a result, sugar production from crushed canes dropped 28.5% year-over-year during the first half of November, while ethanol output fell 5.1% to 1.1 billion liters year-over-year."