NEW YORK, NY--(Marketwire -07/27/12)- The Ethanol Industry has struggled in recent weeks as the worst drought in 25 years have sent corn prices skyrocketing. Since the middle of June corn prices have soared over 60 percent, while ethanol prices have increased approximately 33 percent over the same period. Five Star Equities examines the outlook for companies in the Ethanol Industry and provides equity research on BioFuel Energy Corp. (BIOF) and Pacific Ethanol Inc. (PEIX).
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The U.S. Energy Information Administration on Wednesday reported that ethanol production fell to its lowest level in two years. Despite production rates being at record lows, stockpiles of ethanol have risen to 19.6 million barrels (823 million gallons). "Ethanol has seen a huge drop in production, but yet stocks are steady," said Mike Blackford, an INTL FCStone consultant.
According to data collected from Bloomberg based on the September contracts for corn and ethanol, companies are losing 35 cents on each gallon of ethanol produced.
Five Star Equities releases regular market updates on the Ethanol Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.
BioFuel Energy currently has two ethanol plants operating in the Midwestern Corn Belt. The Company's goal is to become a leading ethanol producer in the United States by acquiring, developing, owning and operating ethanol production facilities. The company is scheduled to release second quarter 2012 earnings on Thursday, August 9, 2012, after the market closes.
Pacific Ethanol is the leading producer and marketer of low-carbon renewable fuels in the Western United States. We manage and operate four ethanol production facilities located in California, Oregon and Idaho. The plants have a combined production capacity of 200 million gallons per year.
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