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Maker of distillers grains $REX said that 2Q16 sales rose approx. 2% & were based upon 60.9MM ethanol gallons this year vs. 57.9MM gallons in the prior year, resulting in increased ethanol sales of 3.9MM. The company saw approx. $35 per ton reduction in dried distiller grain pricing YoverY, which resulted in approx. $2.6MM reduction in DDG sales.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.