Ethanol Bids this am

[ne 50]

just checked the local ethanol plant bids this morning.... thought if the tax credits were gone the price would drop .... it looks like the basis has widened 4 cents and thats about it for now...  same in your area?

[docharing]

bids the same for March delivery, a little stronger for April,  May. Tax credit a non issue

[vrbuck]

Priced in already its a futuresarket

[Mizzou_Tiger]

you got more in you than that............and I quote from below...........

"We broke 6.30 grab your ankles super bulls."

if you can come up with quotes like this you can do better than that reply...........tell us how ethanol is dead now.........

o and I appreciate the kind words you had for me on the other site..........

vrbuck

Veteran Contributor

Posts: 154

Registered: 05-13-2010

0

Re: Corn export Sales

11-17-2011 10:02 AM

We broke 6.30 grab your ankles super bulls.

[Mizzou_Tiger]

"We broke 6.30 grab your ankles super bulls."

[Mizzou_Tiger]

if you can come up with quotes like this you can do better than that reply...........tell us how ethanol is dead now.........

[Mizzou_Tiger]

o and I appreciate the kind words you had for me on the other site..........

[#8]

We broke 6.30 grab your ankles super bulls.

[vrbuck]

Lol,  check the date jackwagon, it lost another 50 cents after that post.  I even called the lows around 5.75. 

Look at some of my last posts on corn wanting to reach the 100 day MA  (that is moving averages).  We hit it today, you better hope the gap stays open or it could be ugly.  BTW it was a week close. Still waiting for you first sell call.

[Mizzou_Tiger]

Not everyone panics on normal market moves......you have been calling for the sky to fall just like all the other bears.....we were going to 4 remember........

And you could probably stand for a new set of reading glasses as your seem to be failing.......sift thru a few post below and find the link to the post I made around thanksgiving......I believe it was a comment to NC about time to get long July corn........I believe we bottomed within a day or so of that post.........pretty gutsy call that was right especially whenever one else thought the world was going to end and we were setting at a H/S neckline.......I believe you were even toughting a 3 strikes your out....

http://community.agriculture.com/t5/Marketing/NC-is-it-time/td-p/137581

As for a sell signal you might wanna look about two replys down.........someone posted a prior example......and there are many more like it if you learn to read.......

http://talk.newagtalk.com/forums/thread-view.asp?tid=276659&mid=2135008#M2135008

And when it really comes down to it......why would anyone sololy base their marketing off one opionion off the web......seriously.......my post were never intended to signal market actions.......if I wanted to do that I would go SC style.......I simply layout the market environment as I see it.......I was bullish in August of 2010 before combines rolled......called for a test of all time highs before 2011 even started.....called for less than advertised acres and a chance for drought before the first seed went in the ground........and recently went against almost everyone that was in the sky is falling corn is going to tank.........

Again monday morning armchair quarterbacks annoy me greatly.......and this recent run in grains has brought em all out......

That's the good thing about you I guess......always a bear......even though you cant comprehend an export breakdown.......or read post that prove your view is flawed......

Well enough of a rant......

[Mizzou_Tiger]

http://community.agriculture.com/t5/Marketing/NC-is-it-time/td-p/137581

[Mizzou_Tiger]

vrbuck

Veteran Contributor

Posts: 155

Registered: 05-13-2010

0

Re: updated sales.........

12-03-2011 08:28 AM

I will repeat...........Once the blenders credit expires demand for ethanol will drop like a rock.  Gasoline demand in the US is lagging 4% from last year and ethanol production is bigger.  Where is the extra ethanol going?  The blenders are stockpiling it to take advantage of the blenders credit.  To top it off Brazil decreased their mandate, they may decrease it more.  The EU is beginning and anti-dumping investigation against US ethanol and the blenders credit impact on domestic supplies.  Nobody wants corn anymore.

[Mizzou_Tiger]

I will repeat...........Once the blenders credit expires demand for ethanol will drop like a rock.  Gasoline demand in the US is lagging 4% from last year and ethanol production is bigger.  Where is the extra ethanol going?  The blenders are stockpiling it to take advantage of the blenders credit.  To top it off Brazil decreased their mandate, they may decrease it more.  The EU is beginning and anti-dumping investigation against US ethanol and the blenders credit impact on domestic supplies.  Nobody wants corn anymore.

[vrbuck]

here is my bottom call based on my technicals.

http://community.agriculture.com/t5/Marketing/techs/m-p/143905

half month past your thanksgiving call.  you called the bottom because you always call bottoms and no tops.

BTW the 90 day cycle is this week.  All I need to say is the gap up has to stay open but since it hit the 100 dayMA all bets are off.

[vrbuck]

I thought so. If the super bulls are thumping their chest it might be time to sell.