This week, I interviewed several market analysts on corn price projections. Not one of them was optimistic about the potential for a rally.
Pondering these price downturns, experts agree on several things. First off, this was expected. Once the 2012 drought had firmly established itself, market analysts started warning about the short crop, long tail scenario.
Next, the ethanol industry is mature. In past years, ethanol producers had not yet hit the blend wall, i.e. the amount needed…