Friday, January 29, 2016 2:55:35 PM
A bit later then I usually post them, but I didn't want to leave them out. Oil a small increase in stocks, but still the oil price didn't really drop very much and now is increasing again. Ethanol stocks did decline over 2% but, that isn't as much as I would like to see, since it did increase 2.8% last week. But still it is okay. West coast however had another big increase of stocks, bringing the stock pile to the highest level in 12 months. Midwest had a small decline.
PEIS is doing nice the last view days, but I think that it has more to do with the overall market sentiment then with the EIA numbers. Afterall, PEIS SP got hit more then other companies, and I think this is some kind off correction, also since the price of ethanol and oil is moving up, it is always good for PEIX. Even if the sales might be a bit lower, judging from looking at the amount of ethanol in stock in the PEIX regions
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