Originally Posted by TromboneAl
Is the interesting thing the fact that ethanol prices are rising rapidly despite no increase in corn prices?
What was interesting to me (you need to read the thread, not just the chart), was how many things affect ethanol prices. The current corn crop (and therefore weather) seem obvious. Current ethanol reserves factor into it. Then the sugar prices in Brazil are high, so they move production towards sugar, away from ethanol; relative shipping costs to the markets, etc, etc, etc.
It's like a version of "I, Pencil" and the invisible hand.