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<blockquote data-quote="ChrisB" data-source="post: 1063368" data-attributes="member: 122"><p>I agree with your statement, but I was talking about the jump in corn prices seen last winter. With the increased demand there was also a big increase in acres planted. With an average corn harvest last year the price would have remained stable but the drought caused a reduction in corn harvested. As I stated, many ethanol plants shut down and did not buy any corn so not as much corn was used by ethanol plants. Plants are running again and using corn and yet prices have come down quite a bit this year.</p><p></p><p>Also, keep in mind that not all the corn just disappears and becomes ethanol - for every bushel of corn you get 17 lbs. of ddgs which is fed to livestock.</p><p></p><p>There is no doubt that ethanol has effect on grain markets but it is not nearly as bad as it is portrayed. To be clear, I'm not saying ethanol is a great or even a good product. IMO there are better options being researched. And I also agree that we shouldn't have mandates. But some of the stuff I read about ethanol just proves the point that if you repeat a lie enough times it becomes a fact.</p></blockquote><p></p>
[QUOTE="ChrisB, post: 1063368, member: 122"] I agree with your statement, but I was talking about the jump in corn prices seen last winter. With the increased demand there was also a big increase in acres planted. With an average corn harvest last year the price would have remained stable but the drought caused a reduction in corn harvested. As I stated, many ethanol plants shut down and did not buy any corn so not as much corn was used by ethanol plants. Plants are running again and using corn and yet prices have come down quite a bit this year. Also, keep in mind that not all the corn just disappears and becomes ethanol - for every bushel of corn you get 17 lbs. of ddgs which is fed to livestock. There is no doubt that ethanol has effect on grain markets but it is not nearly as bad as it is portrayed. To be clear, I'm not saying ethanol is a great or even a good product. IMO there are better options being researched. And I also agree that we shouldn't have mandates. But some of the stuff I read about ethanol just proves the point that if you repeat a lie enough times it becomes a fact. [/QUOTE]
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