East Central South Dakota | Can't disagree and you say it so elegantly, but long term we need to be able to grow, because no matter how cheap your feed stock is if you cannot grow and get rid of your end product you will over supply your market and ethanol will be as cheap as the corn and no matter how cheap ethanol gets big oil won't blend anymore than they have to because it displaces their own product and all their capital is in oil and they want a return to capital. RBOB spread to ethanol could go to 2 bucks and it won't get that much more ethanol burnt. Big oil won't blend more than the mandate---at any price. IMO
EDIT---today ethanol investment will be a nice hedge against cheap corn. Some pretty nice checks will be mailed this year.
Edited by white shadow 7/23/2014 13:53
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ETOH
