Posted 9/15/2010 16:13 (#1360709 - in reply to #1360676) Subject: Re: The Irrational Bubble market of 2010.
Adams, NE
Plants had profitable spot margins when corn was approach $8 (poor risk management screwed that up). Ethanol was $2.90 and gasoline was over $3.50 on the board.
The real pain was when corn was over $4 in the winter of 2008 and ethanol was a whopping $1.50/gallon.
The Irrational Bubble market of 2010.
