ETHANOL

[OldPro]

thanks - good info...

"The trade has expected the EPA would rule against Texas, said Vic Lespinasse, an analyst with grainanalyst.com. Approval of the waiver request would be seen as an indication the government was ready to curb ethanol usage, analysts said. "

Corn prices falling and crop looking fairly good. Lots of the flooded areas were able to be replanted and now need the weather to cooperate. The longer EPA waits to make a decision the lower corn prices should be - and therefore the greater the chance that EPA will deny the waiver. Who knows though.