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So they took Our best customer China from us and now our next best customer ethanol??
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ClampClampington
Posted 9/17/2018 23:11 (#6993927 - in reply to #6993895)
Subject: RE: So they took Our best customer China from us and now our next best customer ethanol??


They buy a cash price, but they are only trading basis. Every purchase is hedged on the board. Plants don’t care if futures are $2 or $8, as long as they are buying a good basis. Some feedlots trade straight cash
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