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value1008

09/11/14 10:54 AM

#16232 RE: Bobwins #16231

Ethanol price dropped a couple of dimes in recent days on higher inventory news. So it's not just that, when corn prices plummet, as they have this summer in anticipation of great harvest, then ethanol prices come down, too. The fall of ethanol to $1.79 today (for Oct contract) is mostly related to the inventory news. But at this cheap price, it becomes even more "in demand" for refineries here in USA and the foreign market will step up demand, too.

The "cheapest molecule in the gas-tank" just got much cheaper. It should move back up a bit on new, extra demand.


stock_peeker

09/11/14 10:56 AM

#16233 RE: Bobwins #16231

10:31 PEIX
Ethanol Stocks -- Color on move lower today
As a follow-up to our 10:15 comment, ethanol/biofuel stocks are under pressure today: PEIX -10%, GPRE -6%, REX -5%, BIOF -2.4%, ANDE -2%. We are not seeing a direct catalyst. It may be on a Bloomberg.com report discussing how Brazil is taking action to stimulate its ethanol industry after falling demand. Perhaps the potential of more supply on the market is spooking investors.

kozuh

09/11/14 3:57 PM

#16242 RE: Bobwins #16231

Dirty little questions ...

Could it be that the cheapest energy
is really oil and gas ... ???

Could it be that Ethanol and Solar Power
and Wind Turbines only exist because of
government subsidies ... ???

Could it be that ISIS is actually following
Mohammed and the Koran ... ???

Could it be that Pasteur was correct and
lifeless matter can NOT be transformed into
a LIVING CELL ... ???

Burma Shave.