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dan45mcc

Commodities Market , Corn , Crude ,Livestock etc..

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The ethanol plant south of Paullina has a 10 cent positive basis right now to get corn---15 cents for June. A friend went to Sioux City yesterday and E10 is in the $3.30's down that way.

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Fun to read some comments from 5 years ago. Don't forget about when cheap subsidized USA corn was going to Mexico and the farmers down there couldn't compete so didn't grow as much. Also, I was talking to a friend from Ohio about ethanol and the RFS a couple of days ago and reminded him that not too many years ago, Big Oil was complaining about not enough refining capacity in this country----not a problem today. Funny how everything swings back and forth.

 

P.S. I sold some new crop soybeans for $12.60 on the CBOT last week after they rallied back from being about 80 cents lower----looks pretty bad today. :'(

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