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Corn Recovers Big Time

Posted on August 08, 2008

What a speedy and surprising recovery! Since reaching an all-time high of $7.65 per bushel on June 27th, corn on the CBOT has fallen all the way down to $4.98 per bushel. Corn hasn't been this low since January. This is excellent news for ethanol producers as not many expected such an optimistic outcome. It was only two-months ago that the Midwest region was experiencing its worst floods in nearly 15 years. Concerns over the crop have since been alleviated as weather has been near-perfect and the price of oil has dropped considerably. As a result, ethanol stocks have managed to rebound. In the...

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