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.
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Comments (3)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    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
  • don55
    , contributor
    Comments (115) | Send Message
     
    I don't put any stock in this small increase in price.
    16 Jul 2012, 06:15 PM Reply Like
  • femhemi
    , contributor
    Comment (1) | Send Message
     
    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
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