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Pacific Ethanol reported a third-quarter 2019 operating loss of $23.5 million and a gross loss of $14.8 million, with net sales of $365.2 million. Management said positive production margins are supporting balance-sheet initiatives and expects the 2020 RFS final rule and trade resolution to lift ethanol demand.
Company results show weak ethanol profitability, but management's expectations of RFS and trade-driven demand gains are a forward-looking factor for corn and DDGS demand.
globenewswire.comPacific Ethanol, Inc.Nov 7, 2019After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
