Might not be there yet.. but Iran has now entered the market.. so all the bearish news is now in.. (short of a global meltdown economically.. fingers crossed that things do not further come unwound...) and even Goldman is looking for the start of a new uptrend.

( http://www.bloomberg.com/news/articles/2016-01-15/goldman-sachs-see... )

Ethanol is going to trade at a value that keeps enough plants running to pump out the needed supply as dictated by the RFS.. read the article.

by Q3 2016.. the world could look alot different.. it will take upward of 2+ years to restart the US drillers..Longer if they go through  BK first.. we could well be north of $60 per bbls by then.  All an ethanol producer needs is a good banker and storage..  ditto a farmer..  Demand for ethanol has never been higher than it is right now.

We are planting the seeds for the next great rally.