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Northeast Louisiana | From what I understand the dip in the market was due to worries over Bush's speech in S. America last week encouraging them to produce ethanol. There's a 55 cent/gallon tariff on imported ethanol right now, but that can be removed if the politicians so desire.
The upcoming planting intentions report on March 30 will probably push prices up or down when it's released. Until then, there probably won't be any major changes.
Either way, a fellow shouldn't go broke raising $4.00 corn, and should consider selling some of his crop on the futures market, IMO. | |
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Market dip and now UP ?????
