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LA, California, USA
Experience: Intermediate
Platform: NinjaTrader
Trading: CL,ES mainly
Posts: 520 since Sep 2011
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The U.S. government is unlikely to bow to pressure for a waiver on quotas requiring a proportion of corn is used to make ethanol before November, at the earliest, traders said, despite the expected slump in global corn production due to severe drought.
U.S. ethanol waiver would roil grains market: traders | Reuters
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"Yes, it is true that ethanol turned out not to be carbon neutral, it cost more, provided less power and wrecked the fuel systems of older cars, but I cannot admit I was wrong this close to an election! What's wrong with you people?" -- White House (joke)
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