(SkunK note: Golden Grain has a non-patented COES system)
"The average price we received for our corn oil during the first quarter of our 2011 fiscal year was approximately 39% higher than during the same period of 2010. Management attributes this increase in the average price we received for our corn oil with increased corn oil demand from biodiesel production and increased soybean oil prices which positively impacts the price of corn oil. Management anticipates that corn oil prices will continue at the recent highs as long as the world supply of commodities stay tight and the blenders credit stays in place. In addition to the increase in corn oil prices, we sold approximately 169% more corn oil during the first quarter of our 2011 fiscal year compared to the same period of 2010. Management attributes this increase in corn oil sales with improved reliability of our corn oil extraction equipment which allows us to extract more corn oil. During our 2010 fiscal year, our corn oil extraction equipment operated sporadically which reduced our total production of corn oil. Management anticipates that corn oil sales will continue at their current levels due to these recent operating improvements."
see here page 15
past posts here
and here
SkunK
Tuesday, March 22, 2011
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4 comments:
Skunk, Slash,
I cannot find the citation but didn't one of you report that Golden Grain was under a recently developed contract with GERS? Am I completely off-base?
nobody12378. Read Slashnuts post #11781 on Ihub
Thanks Jim, At least I am not imagining everything. That statement from Slash implies that Golden Grain is now under the GERS umbrella. So they must be using GERS COES. Golden Grain appears to be one of the infringers that GERS did not file against since they were going to become a clinet.
I am guessing they are still using ICM's equipment. GERS is just showing them how to dial it in. Under contract of course. My id is jimmowrey on Ihub btw.
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