The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Kevin Van Trump has over 20 years of experience in the grain and livestock industry.
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I T WILL ALSO BE INTERESTING TO SEE WHAT THAT LAST BUSHEL IS WORTH. JERRY GULKE IS CONCERNED ABOUT OIL GOING TO $65 PER BARREL AND CUTTING DEMAND FOR ETHANOL. IF OIL PRICES GO DOWN AND GAS PRICES GO DOWN, DEMAND FOR GASOLINE COULD INCREASE. UNDER THE PRESENT CONDITIONS YOU CAN'T SELL GAS WITHOUT ETHANOL IN IT. ALSO SUBSIDIES FOR ETHANOL STILL HAVE TO PASS THE HOUSE AND THE PRESIDENT. IF GAS PRICES CONTINUE TO COME DOWN, I WILL CONTINUE TO TOP OFF MY TANK. WITH CHEAPER GAS PRICES, DEMAND WILL INCREASE AND ETHANOL PLANTS WILL CONTINUE TO OUTBID OTHER END USERS AND THIS COULD DRIVE CORN PRICES HIGHER.