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Fast Money's Ethanol Boondoggle Trade
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05.29.08Views:
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As you probably know, ethanol is a fuel derived from corn. Due to attractive government incentives farmers have planted a great deal of it. Trouble is, they did so in lieu of wheat, soybeans and other staples. Subsequently, consumers are struggling with surging food prices while doubts are growing over ethanol’s benefits. So, if you agree with the Fast Money traders that ethanol is a corny idea that could be soon be phased out - here’s how you might trade.
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