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SESD Sious Falls | The price is my WAG as I stated, but usually the market overshoots the target until it knows there will be no shortage. I also think the higher it goes the lower the eventual "equilibrium" price will be. Thus, if it ever went to $11, we may end up at $4; whereas if we go to $8, we may end up at $6.
Also, the market won't ask ethanol if the price is too high or the livestock producer or the foreign buyer. Big money could push this thing all beyond reason. The market doesn't care in the short run about going too high just like it did not care in the short run whether it was going too low when corn was $1.30. | |
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Hypothetical question for serious marketers
