Posted 5/3/2021 12:51 (#8985072 - in reply to #8984966) Subject: RE: Demand destruction
Cambridge, southwestern Nebraska
Seems hard to predict. A year ago ethanol margins were negative with $3.50 corn. Now they are positive with $7 corn. Go figure.
I know a lot of different fundamentals play into that whole scenario but I really didn’t think corn could get pushed this far.
Then there are the funds. They seem to be able to push a market further in any direction than makes sense.