The story of the Crush is good but not that good!
Just be aware that one has to buy the corn first and then sell the ethanol.
The prices as quoted are erroneous for the next 4 weeks because they are using September Corn and August Ethanol.
Now for about 4 weeks one has to 'guess' the acuisition price of corn by a producer.
-Did they buy in advance, if yes at what price?
-Are they buying week to week, if so at what regional price?
-Are they buying more milo than corn?
- Are they committing to buy buy 2014 corn and getting a discount on 2013 corn?
Not using the CME numbers for now as they are only an index for Futures...
not cash transactions.