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So they took Our best customer China from us and now our next best customer ethanol??
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farmer4321
Posted 9/18/2018 06:50 (#6994112 - in reply to #6994081)
Subject: RE Does corn oil compete with soybean oil?


Is the corn oil produced go to human consumption or bio-diesel and feed? With soybeans a multiyear lows doesn't that limit the market for corn oil?
Besides corn oil is only about 2.8% by weight and you're not going to extract a 100% of that. Nobody is going to grind corn just for the oil and the little extra profit isn't going to make up for the dramatic difference between the price of ethanol and the price of RBOB. The price of ethanol is still the main driver by far.
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