Grain Market Update: March 2020
The corn market has been taking the brunt of the beating the last month. OPEC and Russia are in an oil price war and thus have flooded the oil market with supply. In turn, we have seen crude oil drop from over $60 per barrel in January to near $20 per barrel in the last couple weeks. Good news if you are in the market to lock up your fuel needs, but bad news for the ethanol market. Megan Tusa - Grain Marketer
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