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The Ethanol Trap

March did not go out like either a lion or a lamb. In fact, after the U.S. Department of Agriculture released its Prospective Plantings Report midday March 31, the month—as well as the 2016 corn market—highballed it into history faster than a runaway train.
The coal was USDA’s forecast that farmers intend to plant 93.6 million […]

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