Fun reading from Bloomberg. 2 articles came out on the same day. The irony will not be lost on any ethanol market investor. Article 1 Ethanol Strengthens Against Gasoline as Stocks Fall to Record lows. ( Note: read what the link title says ethanol's discount to gasoline widens on higher output returns . You think Bloomberg had unexpected numbers come in?) http://bloomberg.com/news/2013-06-14/ethanol-s-discount-to-gasoline-widens-on-higher-output-returns.html Article 2 Corn Futures Decline as Demand Eases, U.S. Crop Rebounds http://bloomberg.com/news/2013-06-14/corn-declines-as-goldman-lowers-price-forecasts-on-u-s-output.html Corn going down and ethanol going up, narrowing the gap to gas just as gasoline prices are spiking. Short?... I would not.
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