North Central US | white shadow - 1/29/2026 12:02
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.
The only way crude is going that high is if the entire middle east gets shut off from rest of the world. Many western hemisphere oil fields are basically sitting idle due to low prices right now. Prices come up and the faucet will open.
Prices come up, so will fertilizer, remember that. |
crude and ethanol relationship.......
