Alto Ingredients Inc (ALTO)

[Rule_62]

Different dynamic last year. Corn was dropping as the new crop became available after two years of high prices driven by drought. Export demands were lower. And, I suspect gasoline consumption was lower due to higher prices. That's not to say the front month price won't drop as we roll into January futures, but in the end, it's that $2.70 California ethanol price that's driving things right now.