Yahoo Finance Wall Street Fundamentals Releases New In-Depth Stock Reports on ADM, BIOF, GPRE and PEIX
On Thursday, falling corn prices caused ethanol’s discount to gasoline to widen for the third consecutive day. Favorable weather outlooks have pressured corn prices to a 2 and ½ year low. Based September contracts the corn crush spread, which is the difference between the cost of a gallon of ethanol and the cost of the corn used to make it, grew to $0.36 on Wednesday, compared to -$0.35 on December 31st.
Archer Daniels Midland Company (NYSE:ADM - News) shares traded in the range of $35.83 to $36.74 Thursday before settling to close at $36.64, an increase of 1.58 percent. The stock appears to be facing some resistance at $37.25 with some support at the $36.43 and $35.96 levels. Shares of Archer Daniels Midland have fallen approximately 33.8 percent year-to-date.
More information on Archer Daniels Midland and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ADM
BioFuel Energy Corp. (NASDAQ:BIOF - News) shares traded in the range of $3.55 to $3.83 Thursday before settling to close at $3.63, a decrease of 3.20 percent. The stock appears to be facing some resistance at the $3.70 and $4.12 levels with some support at $3.07. Shares of BioFuel Energy have fallen approximately 1.4 percent year-to-date.
More information on BioFuel Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/BIOF
Green Plains Renewable Energy Inc. (NASDAQ:GPRE - News) shares traded in the range of $16.78 to $17.65 Thursday before settling to close at $17.60, an increase of 3.47 percent. The stock appears to have some support at the $16.88, $16.18 and $14.53 levels. Shares of Green Plains Renewable Energy have gained approximately 122.0 percent year-to-date.
More information on Green Plains and access to the free equity report can be found at:
www.WallStreetFundamentals.com/GPRE
Pacific Ethanol Inc. (NASDAQ:PEIX - News) shares traded in the range of $3.95 to $4.83 Thursday before settling to close at $4.00, a decrease of 10.11 percent. The stock appears to be facing some resistance at the $4.35 and $4.65 levels with some support at $3.99. Shares of Pacific Ethanol have fallen approximately 15.6 percent year-to-date.
More information on Pacific Ethanol and access to the free equity report can be found at:
www.WallStreetFundamentals.com/PEIX
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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
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