Yep, so that mean there will more demand of ethanol from PEIX. Too many corn producer ethanol shut down or idle.due to high corn price.
Nice scam pumper dope
I am holding for a long term. I think they are on the right track.
we are for sale too....
If they can get 30,000 acres with local grown milo in 2013 it will be great, and with a yield per acre around 100 bushels, they will get 3,000,000 bushels = costsavings approx. 1,500,000 per year.
They need alot more than 3,000,000 bushels to Stockton, so still space for Argentina imports and Kansas or Texas milo.
If Stockton stay`s at 83,5% of capasity and 33% milo, they will use 5,905,000 bushels per year.
If Stockton is at capasity (100%) and 33% milo, they will use 7,071.400 bushels per year.
At the same time they are doing work to get lokal grown corn as well, and thats allso cost savings vs. transport from MidWest.
I'm sleeping. What do you think the stock open price will be?