Seeking Alpha

If prices for corn (CORN +3%) are rising and demand is falling, why are BioFuel Energy (BIOF...

If prices for corn (CORN +3%) are rising and demand is falling, why are BioFuel Energy (BIOF +25%) and Pacific Ethanol (PEIX +11.8%) enjoying such big spikes today? Production closures appear to have taken enough ethanol off the market to support rising costs of corn and put some profit back into ethanol makers, 24/7's Paul Ausick writes.
Comments (3)
  • Maybe, but that didn't happen this morning. What really is driving these price moves? Did Obama appoint a new Energy Tsar who loves ethanol?
    16 Jul 2012, 12:19 PM Reply Like
  • I don't put any stock in this small increase in price.
    16 Jul 2012, 06:15 PM Reply Like
  • Investers are shorting the stock like TWER and VTG untell it starts to go south or north.
    16 Jul 2012, 10:15 PM Reply Like
DJIA (DIA) S&P 500 (SPY)