The price for WTI crude oil fell below $83/barrel momentarily today as the market takes another shellacking, down around 200 points just before noon. Both crude and the wider market are making…
We have another very busy earnings week ahead for the second quarter reporting season. Some are DJIA components and some are sector-movers or market-movers. We are tracking earnings and giving previews for…
More than 40% of this year’s US corn harvest, about 5.05 billion bushels, is expected to be used to produce ethanol. That surpasses an estimated 5 billion bushels that will be used…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Monday morning. Altera Corporation (NASDAQ: ALTR) Raised to Outperform as Bull of the…
The writing has been on the wall for about three weeks: the $0.45/gallon ethanol subsidy and the $0.54/gallon tariff on imports are politically dead. Another nail got hammered into the coffin yesterday…
The US Department of Energy has announced that it will offer a loan guarantee for $105 million to expand an Iowa plant that makes ethanol from the cellulosic waste matter, called stover,…
Analysts at Goldman Sachs Group Inc. (NYSE: GS) have reversed a forecast from just two weeks ago suggesting that corn, wheat and soybean prices would be higher due to reduced harvests this…
The US Senate, by a 73-27 margin, has approved an amendment to an economic development bill that would end the $0.45/gallon ethanol credit and the $0.54/gallon tariff on imported ethanol. A similar…
Corn prices have fallen by its limit of $0.30/bushel today, at about $7.52/bushel, and other ag commodities are also trading down. Wheat is off more than $0.25/bushel, to around $7.17. This on…
About 94% of the US corn crop is now in the ground, and that fact, along with other news, has put some recent pressure on corn prices and on stock prices for…
In our daily internal reviews of looking for trends in commodities, one trend stood out rather clearly… Cane-based ethanol might not even be solid for the Boys from Brazil. The price of…
Boston Scientific (NYSE: BSX) lost ground after it disclosed that its short-term CEO, Ray Elliott, would leave. Elliott joined the firm two years ago to engineer a turnaround which never happened. Yahoo!…
Today’s alternative energy news starts off with more lukewarm news from solar panel makers and follows with the latest on pricing for ethanol. We also take a look at how smartphones may…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Tuesday morning. Alkermes, Inc. (NASDAQ: ALKS) Raised to Outperform at Leerink Swann. American…
Today’s alternative energy news looks at a new joint venture for biodiesel in Brazil, a country that already has much more capacity than it uses. Solar and wind energy are fighting cuts…
