date:Nov 19, 2013
by $6.2 million, or 60.9%, from $10.2 million for Q3 2012 to $4.0 million for Q3 2013. Our gross margin decreased from 18.1% for Q3 2012 to 5.8% for Q3 2013. The decrease in gross margin was mainly the combined result of the simultaneous decline of gross margin in each division and the increased sales percentage of the bulk trading business, which had a relatively lower gross margin. Gross margin for our Corn Division was 5.1% for Q3 2013, down by 1023 basis points from 15.4% for Q3 2012, which