Opening the U.S. economy could be a big deal for the corn and oil markets. “Getting people back driving again is huge for ethanol,” said Ted Seifried, chief marketing strategist, Zaner Ag Group. “It looks like under guidelines released on Thursday, there’s going to be some states eligible to reopen in the near future. Other states may take at least two months. There’s optimism there.” The crude oil market set new lows again on Friday, while the back months stayed strong. “We know that we have stockpiles building and there’s a significant loss of demand, but the optimism we have a few months out is good. It’s an interesting market to watch.”
