Ethanol & Corn Prices
Jay Johnson>LPL Interviews A-M>LPL Interviews A-J, Segment 12
- COMMODITY PRICES
- The biggest factor behind rising grain prices is ethanol, Jay thinks. The margins for ethanol got so large because the price of corn was low. As the dollar weekend, the speculators came in and ran the market up. They don't know where the balance is now. The US is increasing in exports, mainly to Asia.
