[Fair Use: For Educational and Research Purposes Only]

June 19, 2000

AgWeb.Com

Brief

--For the first time in history a bushel of corn is selling for less than a gallon of gasoline, notes the Illinois Corn Growers Association. They add: A bushel of corn is at $1.85. A gallon of gas is well over $2 a gallon in the Chicago. You get 2.6 gallons of ethanol from a bushel of corn. The group asks, "How does gallon of ethanol delivered to Chicago at a $1.28 to $1.32 a gallon translate into $2 gas?"--

http://www.agweb.com/news/news.cfm?id=7253&service=38"

-- (Dee360Degree@aol.com), June 19, 2000

Answers

They can buy all the unleaded regular they want for July delivery on the NYMEX, $1.06 Friday close. The problem is how do you get it to Illinois.

Ignoring the pipeline disruptions to distribution should call into question anyone's integrity that fails to acknowledge it.

-- Tom Beckner (becknert.xout@erols.com), June 19, 2000.