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| Running some numbers tonight on ethanol consumption.....While margins are obviously under pressure...two items may be noteworthy...1. the "pipeline" inventories are 22 days versus the normal of 32 days & 2. petroleum refining margins are also under considerable pressure which may motivate blenders to increase use of ethanol. Not completely done with my analysis....but will have more "solid" stuff before the weekend is over. | |
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Some Info.
