“Go fetch me a bushel of corn. I will not be paying very much for it either.”
The simple fact of the matter is, the US farmer are stuck in a corn maze, all to do with the sun and a cooler than expected summer. These summer winds will bring forth RECORD corn crops. As such, the price of corn shall plummet to the dirt, offering corn farmers nothing but misery.
To profit from this, “The Fly” has decided to chase the shares of PEIX here. Gasoline demand is robust and we have a criminally insane administration who just might up the mandated 10% ethanol blend to something even more egregious. With corn low and gasoline high, ethanol producers are in a sweet spot (extra corn).
Other ethanol plays include REX, GPRE, BIOF and AMTX.
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