|
Buxton ND | Ethanol/EBOB spread is .30 PLUS E is .30 MORE expensive then gas.
Plusish is because ethanol has not traded yet tonight so its in the range.
.30 is UN-heard of at least what I've seen.
There is a trend of higher E-stocks, a debated trend at that, I posted a picture of what looked like a trend to me.
E-plants are losing money, China canceled DDG's months back, pressures meal, crush margin are very poor and poor into the summer months, pressure DDG's which pressures E-margins. IMO there's meal coming into the east coast. Meal WAS the super hot market not much more then a year ago is now the dead dog. Pretty hard for bean oil to lead, more so with HO - heating oil @ .92
The numbers from Friday's trade does not support any short covering rally what so ever Jon. Friday's close was "different", I sniff late commercial buying covering some export sales made. | |
|
Canadian Tar Sand Crude trading at $8.35 per bbls Tuesday
