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| In reverse order. Ethanol is making money and the product is in high demand. Barring a global economic catastrophe production will be 1-3% higher. The Dollar being relatively strong is a known and factored. Won't reduce volumes just price. If the dollar hadn't been so "strong" we would likely be closer to $4.50 CZ. Betting against modest gains in consumption barring a production problem has been a losers bet for several years running. IMO the odds of that changing this year are low. | |
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market carry
