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Re: researcher59 post# 28069

Tuesday, 12/23/2014 12:04:52 PM

Tuesday, December 23, 2014 12:04:52 PM

Post# of 30377
I have the quarter to date @ $0.906 and last week's average came in at $0.600

This week's average could well be below $0.50 but it's still early. Yesterday's New York Harbour price for ethanol was over 30 cents higher than the California price. Sustained price pressure in the east like that won't take long to show up in the California price.

If you want the daily number, all you need to do is plug the numbers into the formula. I use the Cal terminal ethanol price provided by PFL (I average the bid/ask) and the cash corn price from barchart.
The PFL daily report usually comes out around an hour after the market close, but I expect there to be some missed daily reports around the holidays, just as there was around Thanksgiving.
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