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NE SD | About the time it makes 1/3 of us insolvent, and puts anoyherv1/3 of us in a hole it will take several years to crawl back out of. When is that? I don't know, but I don't see much "higher" on the horizon without oil going up.
Oil going up is going to take one of two things, a drop in production or devaluation of the dollar. I don't see production dropping much because of all the new recent production unless two or more countries start lobbing bombs at each other. Devaluation of the dollar, I suppose there are several things that could cause that.
I don't believe that ethanol can survive much higher corn prices without oil going up. | |
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When will the markets change direction?
