I still feel they may not and you are right, no profit for first quarter. They profit for the first I submitt came late in the first quarter. That is my opinion. I could be wrong but I see no profit unless there is some sort of carryover. For now put the gun down.
Google "IOWA State University ethanol", look for the entry with the word CARD
Once there, click on the right on 'Ethanol Historical data'
Read it and then below the chart, look for the XLS data sheet 'Download Historical Data'.
You will get a day by day cost, nat gas, DDG, margins....
Net small margin loss in January, gigger gains in Feb and March.
This is Industry data, not West coast specific.