East Central South Dakota | If you truly believe that crude is going to 100 to 200 bucks a barrel----should you be buying corn at this level. Corn as a feed stock is the number one cost of production for ethanol. The price of ethanol is the number one factor that determines profitability. Remember you get 3 gallons for one bushel. Some of the most profitable years for ethanol was with 6- and 7-dollar corn. Does the fact we are over supplied with corn keep us down in price, regardless of crude and ethanol rack price? ? I see we just turned green on corn. |
crude and ethanol relationship.......
