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SC Iowa | doubt their plan is to carry corn through a $1.50 inverse and "eat it"
more likely scenario is that they will use to attempt to gather more corn for eventual delivery to another location (Laddonia?), either by offering freight spread to deliver there or have corn delivered someplace for trans-loading and delivery to Ladonnia (all dependent on location of where corn sits in the farmer's bin today)
I've heard of some central MO corn trades in past couple of weeks......they could even decide to just originate corn in smaller quantities and re-sell into feed mill market, which appears to be the "last man standing" and wanting to use corn all year in MO..... | |
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Article about Macon, MO ethanol plant closing
