<bullsbears-addnewreason-allnamespaces-Corn Prices/Bears>

Concept: Corn Prices/Bears
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edit Corn prices strongly correlated with general economy

Corn prices are strongly tied to the state of the general economy because it is a factor of production in an enormous range of food products and fuels. The U.S. is in a recession and economic indicators have not turned positive. As a result, corn prices will not rebound by much anytime soon.

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edit Corn based ethanol won't always be king

Corn based ethanol is the biofuel of choice in the U.S. That won't always necessarily be the case. Alternatives like cellulosic ethanol and algea ethanol may end up being cheaper, destroying demand for corn based ethanol.

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edit livestock industry is suffering.. oil prices low

With oil prices as low as they are it will be difficult to produce ethanol in a profitable manner even with the subsidies. Livestock producers as well as dairymen are now being pinched by extremely low farm gate prices, and feed prices that are not in line with their market conditions. Credit is also an issue with said individuals as profitability comes into question. With the dollar strengthening, U.S. corn is then less and less attractive to foreign buyers.

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