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Valero can't pay it's bills? Poor little Multi Billion $$$ Oil Companies.
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Posted 3/26/2020 10:59 (#8140185 - in reply to #8140030)
Subject: Flip side..

One of the beauties of Running Ag at a Hot Idle pace.. and diverting excess into cleaner Cheaper Less Toxic.. Non Cancerous Ethanol.. is that we have supply in waiting.

We can Draw ethanol stocks down.. and we don't neccessarily need to run plants at 100% as we switch feed usage back to traditional sources..

but what does THAT look like?

Do we have enough Meal..?
How much Did China buy today?

What is USDA gonna print on Feed usage.. you know.. the line item they bury their overstatement of crops in..

2018 was a 350 myn bu bump in Feed and RESIDUAL Usage.. what will 2019 have been?  especially now???

We've been fighting alot of headwinds.. but we remain Resolved to work our way through it.

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