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Jones Soda Co. (JSDA) Message Board

  • baldingcontrarian baldingcontrarian Jan 2, 2014 2:00 PM Flag

    printing money..."these ethanol plants are making a lot of money'

    from bloomburg 2day,
    Energy Information Administration data show physical ethanol ethanol stockpiles just above a 5 year low.

    Foreign purchases averaged 41,000 barrels a day in October, compared to a low of 27,000 barrels a day in July, data from the Energy Information Administration show.

    Imports of the additive have slowed. The U.S. hasn’t made any foreign purchases of ethanol since the week ended Sept. 27, EIA data show.

    “The export market is strong and that’s moving the prompt,” said Chris Wilson, a broker at Atten Babler Risk Management LLC in Galena, Illinois. “These ethanol plants are making a lot of money on spot gallons.”

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