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Welcome to today's BioFuel Energy conference call entitled earnings release for second quarter 2012. During the presentation, all lines will be in a listen-only mode. A question-and-answer session will follow the presentation and instructions for asking questions will be given at that time. Thank you for your attention. I would now like to turn the conference over to your host, Mr. Scott Pearce.
Please bear in mind that we will be making a number of forward-looking statements on today's call. Forward-looking statements are any statements that are not historical facts. These forward-looking statements are based on the current expectations of BioFuel Energy’s management and therefore, and there can be no assurance that such expectations will prove to be correct because forward-looking statements involve risks and uncertainties, our actual results could differ materially from management’s expectations.
Information about the risk factors that could cause our results to differ from our expectations are also referred to in this morning’s earnings press release and are described in greater detail in our annual report on Form 10-K and in other periodic filings.
Good morning everyone and thank you for joining us for our second quarter earnings call. On the call today, with me are Kelly Maguire and Doug Anderson, our Chief Operating Officer.
With another challenging quarter for the company, ongoing weakness in ethanol prices has reflected in the narrow ethanol corn crush pressure margin remained a key driver behind our net loss.