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NW Indiana | Since the ethanol boom corn has taken a roll in the energy market with roughly 40% of corn use going to ethanol. Since the ethanol boom of 2007 corn has spent about 9 months total below $4 while oil was above $60/barrel. So this begs the question with $82 crude oil how long are we likely to sustain sub $4 corn? The 4 months was in late 2014 following a big US corn crop and 2018 about 5 months oil managed to trade above 60 while corn hovered just below $4. $3.50 corn sure can produce a lot of cheap e85 while gasoline is mid 3's how much ethanol expansion could we have?
Edited by IN555 3/25/2024 20:12
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3.50 corn predictions, what about the price of oil?
