Alto Ingredients Inc (ALTO)

[sashex001]

Say it with me now "overblown corn speculation"

The crop dropped from the largest ever to 8th largest. That is still alot of corn by any stretch of imagination. The amount of corn that is about to hit the market is not worth the speculated price. Markets that can holdoff buying it will wait and the price is going to take a big dive.

Quote USDA:" The USDA predicted the nation’s biggest harvest ever in the spring, when farmers planted 96.4 million acres of corn —the most since 1937. It cut its estimate a month ago to the third-largest harvest, and on Friday, to the eighth-largest and the smallest since 2006"
In 2006 corn was 2.80 per bushel


http://mobile.washingtonpost.com/rss.jsp?rssid=601&item=http://www.washingtonpost.com/national/usda-estimates-of-corn-and-soybean-production-drop-as-drought-takes-its-toll-on-farmers/2012/08/10/0b11a126-e2ec-11e1-89f7-76e23a982d06_mobile.mobile&cid=-1&fullSiteUrl=http%3A%2F%2Fwww.washingtonpost.com%2Fnational%2Fusda-estimates-of-corn-and-soybean-production-drop-as-drought-takes-its-toll-on-farmers%2F2012%2F08%2F10%2F0b11a126-e2ec-11e1-89f7-76e23a982d06_story.html