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Buxton ND | ZE Ethanol futures have been under pressure since mid December.
E-stocks building.
E plant margins been weak and are reddish
Rins did a crash and burn last week.
$50ish crude still does match with $5.00 corn period.
Ethanol has not gotta much attention in NAT the last weeks.
Best basis levels were more then likely this past Labor Day.
"thinks it's all voodoo. I've heard Technical Analysis compared to reading tea leaves and hocus pocus before"
The Voodoo charts are fine and dandy when there Voodooing higher or the tea leaves point UP. You can see this pretty clear in the bull flag chart/11-1.50 beans from last week. Guys really seem to like that thread even is was voodoo.
A chart is just like a crescent wrench in the toolbox. Some times you use this crescent wrench with a vise grip. At times you bring out a racket and a 3/4 wrench. Yaa then there are times you just grab the BMFH/hammer and beat to death. IMVSO the hammer should RARELY used in marketing, as in hammer time marketing. We saw this last summer believe it USFarmPro even posted a picture of a bunch of hammers on the wall = ending very poorly.
E-15% ?
I take Demi Moore out on a dinner too tho its probably not to likely. | |
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Throwin' Bones! Soy and Corn
