Alto Ingredients Inc (ALTO)

[cropdoc81]

And Iowa grows over 15% of the total US corn supply, so goes Iowa so goes the supply, and right now the total supply for corn OR Sorghum is in jeopardy of being tight once again for another year and keeping the ethanol industry in a bidding war for feedstocks as it is doing now. Cash bids are substantially above the CBOT prices and keeping crush margins tight. PEIX will not make any money IMO until after the 3rd quarter this year if then, depending on the remaining growing season and the grain stocks outlook at that time. They simply have too many costs to cover and not enough revenue. When you put PEIXs' figures into the Ethanol Margin worksheet they are losing money on every gallon of ethanol sold.