Corn down 11 cents and ethanol just turned green on the near contract. How can we not rally?
Corn trade is 6 to 9 cents lower at midday with selling pressure continuing today due to chart selling and a low sales number. Ethanol margins have improved this week, which should help to keep usage high. The weekly export sales were 343,000 metric tons of old corn, and 47,300 ...
Gee, 99% of the stocks in the market are RED today. I wonder if that has anything to do with PEIX being RED too?
I was hoping to accumulate more shares under $10.50 today, but unfortunately, it looks like a bottom may be forming because the DOW is down almost 200 points and PEIX is down less than 1%. I was expecting more of a sell-off this afternoon.