ADM ==> prospects?

[lemonjello]

Wha Wha?

You don't know either?

There aren't any..wasn't this mentioned by me earlier in this thread?

[mrmarket]

Wow...look at those earnings!! Did you know that spot ethanol prices are $6.00/gallon? That means that with gasoline at $3.00 gallon, you are paying 30 cents more per gallon for gasoline since gasoline now contains 10% ethanol.

Do you think the consumers knew this before this legislation was ramrodded through congress?

[sisterwin2]

hey charties.... see any room for recovery on this one.. been holding way too long but have recovered a bit... maybe 5 more points to go to break even ... hehehehe

[jiesen]

Wow...look at those earnings!! Did you know that spot ethanol prices are $6.00/gallon? That means that with gasoline at $3.00 gallon, you are paying 30 cents more per gallon for gasoline since gasoline now contains 10% ethanol.

Do you think the consumers knew this before this legislation was ramrodded through congress?

plus, the ethanol gets even more expensive every time the gas prices rise because it takes some gasoline to produce the ethanol! (those tractors and trucks don't all run on ethanol, you know... that would be too expensive)

a vicious cycle indeed...

[New-born baby]

hey charties.... see any room for recovery on this one.. been holding way too long but have recovered a bit... maybe 5 more points to go to break even ... hehehehe

ADM not a bullish chart. 1. Below both 50 and 200 day moving averages = bearish stock. 2. High pole warning on 9 May signals lower prices to come, and change in attitude towards ADM. 3. Chart looks like $30 is coming back in style again soon, imho.

The company is not going broke; it is just going to return to $30 per share, imho.

[mrmarket]

THIS could get interesting!!!

Ahead of the Bell: EPA to rule on ethanol request
Thursday August 7, 6:13 am ET
EPA to rule on Texas request to reduce ethanol mandate by half

WASHINGTON (AP) -- Ethanol producers such as Archer Daniels Midland Co. will be closely watching Thursday as the Environmental Protection Agency rules on a request from the governor of Texas to waive the ethanol mandate.
The EPA plans to announce its ruling at 1 pm EDT.

An energy bill passed in December requires 9 billion gallons of ethanol be blended into gasoline from Sept. 1 to Aug. 31 of next year. Texas Gov. Rick Perry requested in April that the government reduce the mandate to 4.5 billion gallons, arguing that ethanol production is raising corn prices for livestock producers and driving up food prices.

An assortment of groups, including food processors, oil companies and some environmentalists also blame the mandate for contributing to the rise in food prices, which have sparked riots and hoarding in poor countries from Haiti to southeast Asia.

Several agribusiness and ethanol companies, meanwhile, banded together last month to defend ethanol, including Archer Daniels Midland, Monsanto Co., Deere & Co. and DuPont Co.

The companies formed the Alliance for Abundant Food and Energy and said they planned to argue on Capitol Hill that new technologies can make it economically feasible to produce crop-based fuels like ethanol and biodiesel, even as grain prices climb worldwide.