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REX - Ethanol Producers Nervously Wait For Two Critical EPA Decisions On The Biofuels Mandate
REX American Resources Corporation
The share prices of U.S. ethanol producers Aemetis (AMTX), Green Plains (GPRE), Pacific Ethanol (PEIX), and REX American Resources (REX) have largely marked time in June thus far, avoiding much of the volatility that has affected the U.S. merchant refining sector (see figure). Ethanol producers' share prices rallied strongly between late March and early June as states began to reopen from the lockdown orders that went into effect in late Q1 as the COVID-19 pandemic arrived in the U.S. The ability of their shares to continue advancing