Alto Ingredients Inc (ALTO)

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Bins Bulge With Grain Low Water Threatens Mississippi Traffic

Bins Bulge With Grain as Low Water Threatens Mississippi Traffic - Bloomberg
Already suffering aftershocks from the worst drought in 50 years, farmers are improvising, searching for alternative ways to move and sell corn, soybeans and other grains. It’s too expensive to use rail cars or trucks to ship grain more than 600 miles from St. Louis to export terminals in New Orleans.
They’re looking for local buyers or seeking to sell to ethanol plants. Farmers along the Kaskaskia River in southern Illinois may drive hundreds of miles south to Cairo, where the Ohio River empties into the Mississippi and barges are moving normally.
Barchart.com - Futures Prices for Corn

Ethanol’s Discount to Gasoline Narrows to 5-Month Low on Demand - Bloomberg
Ethanol’s Discount to Gasoline Narrows to 5-Month Low on Demand
Ethanol’s discount to gasoline narrowed to the weakest level in almost five months on increased demand for the biofuel.
The grain-based additive’s discount to gasoline was 18.79 cents a gallon based on front-month futures, versus 21.08 cents yesterday, the least since July 18. The spread has averaged 62.2 cents this year and reached 99.8 cents Sept. 28.
“It feels like there’s some buying to do,” said Jim Damask, a manager at BiofuelsConnect, a Jupiter, Florida-based alternative energy broker. “People are asking for higher prices and they’re getting it. It seems like they’re filling their short-term needs and they have more short-term needs.”