Death comes to us all. Life's but a walking shadow | Quote: "Insider or Ray will chime in on that. I see them more spot pricing corn as they price ethanol."
I really hope they respond as well but your comment about spot pricing is germane. Ethanol plants require a continuous supply of corn and the way they get it is to frequently adjust their basis. Perhaps the swap contract is written to take this into account in the settlement.
Of course this is all just speculation. |