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Pacific Ethanol, Inc. (PEIX) Message Board

  • juliaadams54 juliaadams54 Jul 24, 2013 10:51 AM Flag

    CMEGROUP website shows corn crush spread(TO MAKE ETHANOL) at $1.20 highest in 2 years MAJOR PROFITS FOR PEIX

    Corn crush spread is difference between a gallon of ethanol and the corn needed to make it

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    • elahens@gmail.com elahens Jul 24, 2013 11:34 AM Flag

      The story of the Crush is good but not that good!
      Just be aware that one has to buy the corn first and then sell the ethanol.
      The prices as quoted are erroneous for the next 4 weeks because they are using September Corn and August Ethanol.

      Now for about 4 weeks one has to 'guess' the acuisition price of corn by a producer.
      Scenarios::
      -Did they buy in advance, if yes at what price?
      -Are they buying week to week, if so at what regional price?
      -Are they buying more milo than corn?
      - Are they committing to buy buy 2014 corn and getting a discount on 2013 corn?

      Not using the CME numbers for now as they are only an index for Futures...
      not cash transactions.

 
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