$5.00 corn was viable with the price of ethanol at the time.
Not to mention that certain people, like Mr. Rich OkSU Benefactor, were proclaiming that oil was headed up to $150-$200/barrel. Many companies locked in commodities, figuring that their prices would continue to rise as oil prices did. Then, the bottom dropped out of oil. In many industries, with real competition, it is not possible to lock in your end product selling price. You get what the market bears at the time of sale.
Last edited by jbhtexas; 09-15-2009 at 06:06 PM.
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