But isn't it normal to have about 825,000 Bushels Of Corn in stock?
So that if they use them, even when the corn goes down in price, it will take them a while to get that corn back, so they always need to have about 825,000 Bushels Of Corn in stock, even if the price is higher?
I don't know how it works, but for instance a construction company will always have a certain amount of steel in stock, even at a higher price level to asure costumors they can deliver. Also because you can never be to sure that the price isn't going to be much higher, and you will even pay more if you don't have enough and you are short of steel.
How does this work with Ethanol and corn?
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