Continue to watch GEVO in the coming months.The biggest factor after labor in GEVO to the bottom line is corn. Theirs going to be a record crop this year and its in my opinion larger then the forecast already out.. I think we see GEVO loading up on corn very soon.This play has much room to the upside with potential 200-300% returns in the next 12 months in my opinion. As the bottom line improves with GEVO, the greater the chance to see this company just bought out.
I disagree on your record crop prediction. I live in the midwest and it's dry. Not as bad as last year, but the crops are definitely stressed, and I'm betting there are many ears of corn that are only partially filled. I think prices will remain high and supplies will be tight.
Corn Acreage Highest Since 1936 as Farmers Rebound From Drought.
Jun 28, 2013
Corn farmers in the U.S., the world’s biggest producer, planted the most acres since 1936 this year, more than a prior government forecast, as growers responded to low stockpiles with more planting.
About 97.379 million acres (39.4 million hectares) were planted, up from 97.282 million forecast in March and 97.155 million last year, the U.S. Department of Agriculture said today after surveying farmers this month. The average estimate of 34 analysts in a Bloomberg News survey was 95.431 million acres.
Corn futures through yesterday tumbled 5.1 percent this month after the USDA forecast June 12 that farmers would harvest a record crop as output rebounds from last year’s drought and exports this year fell to the lowest since 1971. Corn for delivery in December, after the harvest, fell 1 percent to close yesterday at $5.385 a bushel.
The USDA estimated the number of acres that will be harvested at 89.135 million, down from 89.5 million projected on June 12.