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Non-Tech : Farming -- Ignore unavailable to you. Want to Upgrade?


To: Tommaso who wrote (1324)6/17/2008 2:52:59 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 4441
 
The option trade looked pretty good, I just went and bought the shares. Looks like a good long term value to me.

December makes sense for options, because we could hear a lot about lifting the ethanol tariff in the campaign. Especially with the floods and presumably decreased US production. It wouldn't surprise me to see both candidate support at least a temporary elimination of the tariff.

Longer term they've got domestic consumption, China, increased consumption of sugar in developing countries....and unlike corn ethanol it does make economic sense.