The imports will come to gulf and NY. That's what the platts article stated. Those imports will take a bit . logistics in brazil plus travel will take weeks.
no, a rejected notional offer absolutely does not have to be disclosed. happens all the time. Is it happening here? who knows. not me.
rin's are traded by obligated parties, usually refiners. peix gets no benefit from whatever rins sell for.
rin's had just moved up this past week, but now are back in their trading range.
google them and ye shall learn
last night it traded all thru the night, which is unusual. Cali up to 2.63 ask at the close today. that is A 60 cent spike in 3 weeks
last options expiry 5 weeks ago the stock went ballistic. I am thinking....I dunno
ye stock shall follow
corn broke down this week, while ethanol took a needed pullback off a steep ascent. more important is cali spot and it is in super premium profit range.
I'm sure there are already shutdowns and freeze ups. Below zero and tankers are tied with oil or stuck in transit loaded with ethanol. Not enough tankers. Bummer.
it explained that they were short traders, arbitraging the cheaper Real and finding supply to cover their short.
Not a lot of volume involved. Brazil just does not have any kind of excess supply and Petrobas is in a world of hurt. That is something that no one has mentioned, but it is worth mentioning.
I think they may generate 10MM this month alone. 16MMg/month. 65 cents per gallon is possible for this month.
well, it's better than a sharp stick in the eye....and it leaves a lot of room for suspense/excitement/bear-panic.
After a bunch of up weeks on volume, we had a break on light volume.
so the stage is set for a few up weeks before another break.
Volume much better than last uptrend.
One volume punch and we break the key M/A's
I saw it on stocktwits. That link you posted works fine there.
SGA+interest is 3.2MM per Q and I have adjusted margins to account for that. Cash is king.
PEIX produces 600k/g/day. Margins over a dollar.$600K profit per day. 420k after tax. equates to 1.5 cents in earnings PER DAY+.19 is est.
10-4. once eth futures came down to 1.50 it felt like this would cause a massive shift to exports. It does not take a PHD to figure out these nuances. BOL. nice bear raid. what is that the 8th one this year? or 28th?
considering 5 consec drawdowns. this is noise. the market knows there are issues moving product. last weeks inventory is interesting, but current market dynamics say gasoline and esp ethanol are in greater demand. plenty of gas, not so much ethanol. good buy opp.