ethanol is 62 cents cheaper than rbob gas on the wholesale near month contract. a whopping 25% discount!
exports will now see more records.
They grew 81% in July alone. Now 100%+ with ethanol and corn cheaper and brazil coming up short on mandated gallons!
hey dumbo, sorry you sold at 12, but um the weak bounce in corn is a suckers bet, you see,
look at accuweather for any cold north Midwestern town, say FARGO, ND then look at the extended or 30 day....see the lowest temp ??? its 37 degrees for any evening.
Corn goes much much lower. Go long corn and tell us at what price and you will see a quick -10%
According to their website they not only use Edeniq for cellulosic, but they helped FUND them.
So many potential buyout partners....CHS, FHR, ADM, VLO, Shell, GPRE and the list goes on and on.
In fact, if it were on the income statement (it will not be), it would be a gain as the plant equity was bot for below market value.
I'm telling you where he did not, it does not flow through the income statement. Period, end of story. Contact a CPA.
your accounting is off. it is not a cash charge to make this purchase nor is it something that flows through the income statement. It will show up on cash flow statement but it doesn't change revenue or cost of goods and I think you should check with a CPA.
ST. PAUL, Minn., June 20, 2014 /PRNewswire/ -- CHS Inc. (NASDAQ: CHSCP, CHSCO, CHSCN) announced today it has filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission ("SEC"). Under the shelf registration, upon being declared effective by the SEC, CHS may offer and sell, from time to time, up to $2 billion of its Class B cumulative redeemable preferred stock over the next three years.
The shelf registration statement is intended to give CHS additional flexibility to finance future business opportunities by accessing the capital markets on a timely and cost-effective basis. At the present time, the Company has no specific plans to issue preferred stock under the registration statement. The specifics of any future offering, along with the prices and terms of any such preferred stock and the use of proceeds of a particular offering, will be determined at the time of any such offering and will be described in a prospectus supplement filed in connection with such offering.
CHS President and Chief Executive Officer Carl Casale said the filing was a strategic move intended to provide flexibility. "The shelf registration statement provides us financial flexibility for general corporate purposes. In addition, it streamlines the process in the event we identify strategic opportunities that may require additional capital."
looks like at the close on Friday judging by price and action that day.
since his fortunes went up 700% this year, selling 8% still leaves him in good shape and a few shares for the ride.
plus Gregg Engles had 1,000,000+ according to his sec filing.
and this was as of 45 days ago! 6/30 cutoff
Dean Foods Founder still owns the most at last check
The authors have 40, 000 followers.
time for them to man up. they have no class, morals, nor credibility.
and rarely even entertaining
if da bears had anything they could have kept in from making multi year highs in a nasty market, with volume
it was splendid and oh so nice.
lost production, much higher rail rstes charged by BNSF, etc, plus they don't get the west coast premium accentuated by the rail traffic issues.
peix has everything going for it. bears have no actual issues to discuss.
EPA decision looms....
the miss highlights their weak margins due to trading department. they certainly locked in corn before the crash and lost out. those contracts will run off and be priced at the market for Q3-4 and thus the earnings visibility. we know from the conf call that most of peix's ethanol is sold at the cali spot....and corn is purchased at time of milling from on site contractors.
cali spot was up 2 cents in a negative 6.5 cent corn market. more huge margin gains for management to highlite in the ER and the C/C.
cali premium now 16 cents and rising quickly, here's one big reason...
after the bell news-
'Ethanol futures didn't follow corn Tuesday as strong cash ethanol prices kept the market steady. As production increases, the rail problems could worsen, creating havoc for plants and end users. August closed fractionally lower at $2.185 per gallon, up 4.6 cents, and September was unchanged at $2.08 per gallon. '
Cali closed with a 2.34 ask.
Tomorrow the few dopes that don't realize that gpre's numbers don't translate to peix, just as rex's numbers did not translate to gpre's either. Gpre only got 95% production capacity utilization. The CEO will be asked again like last time where did the margins go?
He will defend the trading department. They do well when margins stink. When will that be?
maybe 2016 or 17 at the earliest.
Cheap corn=cheap ethanol=export demand will keep a floor on margins.
225mm g ==== 50mm in income b4 taxes, WEAK
peix on 40mm gallons had 30mm in income before tax allowances
this is why when peix earns .gpre 's 82 cents tomorrow there will be a huge revaluation, like this SA author seems to have picked up on.
Chicago Rule 11 Ethanol Prices Creep Up on Rail Woes
Chicago Rule 11 prompt values were talked 1.0cts higher in early trade Tuesday at the Argo hub near Chicago as congestion in Chicago and delays for shipments to the coasts continue to challenge the industry.
"Rail will likely be an issue for a while," asserted an ethanol broker this morning. "There's been some temporary relief here and there, but it's only going to get worse."
Rule 11 is a good barometer for rail issues, transportation sources said. Rule 11 for delivery to the east or west coasts was at a ...
that is where it ends.