Monday, October 10, 2016 2:53:47 AM
Oil is climbing up a bit, but the chart shows the recovery is still very fragile.
Corn has had it's all time low at the end of August / September
Ethanol didn't move much. At the time corn was at its lowest, ethanol was low also. Ethanol price is still pretty low.
Ethanol production has been higher and the inventories have been lower in the past, but the production of fuel ethanol has been way lower also even in 2014.
Looking at all these charts I think PEIX hasn't been doing all that bad the past quarter and is doing pretty good at the moment.
It's the oil price keeping us and the ethanol price down mostly.
IMO we might see $10 at the earnings.
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