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![](http://i26.photobucket.com/albums/c121/Pofarmer/mapdot-1.jpg)
| From the article.
"As corn represents the primary raw material in the production of ethanol, high
corn prices pose risk to our estimates. Our long-term projections call for corn
prices of $2.75/bu.
Meanwhile, as ethanol prices are positively correlated to crude oil prices, low
crude oil prices pose risk to our estimates. Our short-term projections for crude
oil are in the mid-to-low $60/bbl" | |
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