Ok, so I'm reading the WSJ - there is this story that the cash price for corn is about $2 a bushel right now.
A supposed "gold rush" is building with ethanol - yet the price is $2 a bushel. near record low levels...
It's acting like corn ethanol doesn't exist.
Apparently there have been huge surpluses of corn the last 2 years...
Like 2.1 billion bu. surplus this fall alone...largest in 10 years...
Well there is someone that says that after harvest - he expects a rapid price increase and future prices to supply record demand...- maybe 50 cents upside
"We have been saying consistently to store as much corn as you can, because that will be your greatest asset for the next couple years - We believe that the cash prices we see in the next couple months may be our lowest for a very long time to come".
US Dept Agriculture economists pretty much agree - "The cash corn market is on the cusp of a potential sea change..."
Well anyway, this could be a bad decision but I want to know how to play this besides messing with options...are there any easier tools - like etf, Mutual Funds or ? that could play with this, or am I better off getting my account authorized for options and taking a crash course?
Thanks
A supposed "gold rush" is building with ethanol - yet the price is $2 a bushel. near record low levels...
It's acting like corn ethanol doesn't exist.
Apparently there have been huge surpluses of corn the last 2 years...
Like 2.1 billion bu. surplus this fall alone...largest in 10 years...
Well there is someone that says that after harvest - he expects a rapid price increase and future prices to supply record demand...- maybe 50 cents upside
"We have been saying consistently to store as much corn as you can, because that will be your greatest asset for the next couple years - We believe that the cash prices we see in the next couple months may be our lowest for a very long time to come".
US Dept Agriculture economists pretty much agree - "The cash corn market is on the cusp of a potential sea change..."
Well anyway, this could be a bad decision but I want to know how to play this besides messing with options...are there any easier tools - like etf, Mutual Funds or ? that could play with this, or am I better off getting my account authorized for options and taking a crash course?
Thanks