Meanwhile, nearly all the topic oil experts are saying that for the next several weeks at least the overproduction of oil and ever-higher inventories will "in fact" take oilprices to new lows.
That means lower gasoline prices, which as we've seen usually means lower ethanol prices.
If oil indeed goes back to low $40s or into $30s, REX will likely come down to $50 or lower, and that's when i'll seriously re-consider buying, especially if we get a positive outcome on the EPA decision re: the RFS and also if it looks like strong export demand will put a real floor on ethanol prices around 1.50 (preferably, 1.60 or higher).
Even then, there may be better stock-plays out there if crush spreads are looking to be too thin for the longer period.
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