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To: ChanceIs who wrote (81930)3/26/2007 3:01:17 PM
From: ChanceIs  Read Replies (1) | Respond to of 206180
 
>>> (ethanol) will get squeezed between NG for heat/fertilizer, higher corn, and a populace slowly coming around to all of the knock-on effects. <<<

Barely had I set pen to paper when I read Dennis' excellent article from the Washington Post:

"In the United States, the protests have also begun -- in Congress. Representatives of the dairy, poultry and livestock industries, which rely on corn as a principal animal feed, are seeking an end to subsidies for corn ethanol in the hope of stabilizing corn prices. (It takes about three pounds of corn to produce a pound of chicken, and seven or eight pounds to grow a pound of beef.) Profit margins are being squeezed, and meat prices are rising."

Kudos Dennis.

Ah me. So many great opportunities, one hardly knows which way to turn. Long the patch because of Iran's latest nonsense. Short housing/banks - those new housing start numbers this AM really pushed that sector off a cliff, or shorting the ethanol. I think keeping equal weighting in the first two, but sharpening my steely knives for when the ethanol top gets wobbly. Time for me to start wandering the halls of Congress and checking out the hearing cycles.