The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
The FBN Team provides a macro-focused daily view of the world’s grain markets. Kevin McNew received a bachelor’s degree from Oklahoma State University and his master’s and Ph.D. degrees in Economics from North Carolina State University. He spent 10 years as a Professor of Economics with the University of Maryland and Montana State University focusing on commodity markets and is widely regarded for his ability to boil-down complex economic situations into easy-to-understand concepts for applied life.
Export Sales Announcement
Recent Flooding Shuts Approximately 13% OF U.S. Ethanol Capacity
Russia Exports Wheat To Algeria As A “Test”
The risk of trading futures, hedging, and speculating can be substantial. FBN BR LLC (NFA ID: 0508695)
No ill will to the flood victims but the whole ethanol program is nothing but unnecessary government welfare that should have been terminated long ago. It is okay with every fuel consumer if they never resume production.
To croploss; you obviously don’t know what you are talking about. And you definitely don’t speak for me. I’m a fuel consumer that loves having ethanol to use in my vehicles! I use almost 100 percent E85 without having ethanol mixed in our fuel the cost of gasoline would be significantly higher than it is now! We would be held hostage by the oil industry which is known to be very dishonest in the pricing of their products!!!