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NW Indiana | Everyone talking about $10 corn wasn't looking at the fact basically no end user could afford to pay that much. It is actually fairly easy to pencil out what each end user is able to pay before being in the red. In 2012 we had to force red ink. Ethanol was one of the biggest deciding factors. It was reasonable easy to know that with the price of crude and RBOB at the time what would curb ethanol demand in a hurry. No different than that is easy to see today. So how do the charts reflect the crude/corn spread? The grains we only trade supply concerns about 2 months of the year, so charts predict things differently than say crude that the supply is more constant. To each his own how we interpret things, but claiming you can predict the future and those events don't matter or where already known, WOW. | |
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Some homework for those who are ambitious and hate USDA
