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| The landscape has changed in the past few weeks. A large portion of the ethanol industry operates in the spot market, I'm not in tune enough to know who or how much of the industry locked in margins for the rest of the 4Q or further out, but they currently are not making money like they were. The run has been very good for the last 18 months, it will be interesting to see what happens going forward.
http://farmdocdaily.illinois.edu/2014/10/ethanol-production-profits...
(the last couple of lines really paint the picture)
Yes, I know they grow corn in Cali, but those same dairy cattle need the corn too... | |
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Ethanol buyers beware.. Winter is coming..
