way behind, but to your
“I’m no fan of EtOH in gasoline but, with that much corn in CCP hands and crude supplies predicted to slow, refinery blends will be hand-cuffed and gasoline pump prices will likely rise quickly and steeply when the summer-blend comes around.”
Remember how DJT kept stating that he filled up the National supply” of oil..?? He emphasized it repeatedly. Methinks he knew what was coming... :)
There is a second edge to that sword.
The U.S. farmers have been complaining about the amount of their corn being subsidized for EtOH.
Seems that steady supply and low prices are good for gasoline and bad for corn growers.
A large number of farmers were not happy with Trump’s Agro-nomic policies regarding China’s purchases.
Now, the farmers are happy because their corn is being hoovered up at WINTER prices with an outlook for same or bigger exports in the future.
As long as Biden is in office.