Add Fuel to Your Portfolio!
As oil prices continue to hover near record high prices, the drive to find an alternative to our insatiable appetite for foreign oil continues to increase. One such product that has recently come into the spotlight is ethanol.
Ethanol production in the U.S. is derived primarily from corn. In 2006, almost 18 percent of the U.S. corn harvest went towards the production of ethanol. However, other grains or biomass sources – such as corn stalks, switchgrass, or cane sugar – also can be used to produce ethanol. U.S. ethanol production continues rise, with a record 4.86 billion gallons produced in 2006, or nearly twice the production levels of 2000.
The Chicago Board of Trade offers an ethanol futures contract, and optionsXpress is pleased to offer our customers access to this exciting contract, which allows futures traders yet another opportunity to take advantage of this emerging energy market!
Click here for an updated list of all the futures products now online and available for trading at optionsXpress.
Mike Zarembski
Senior Commodity Analyst
optionsXpress
Futures involve substantial risk and are not appropriate for all investors. Please read Risk Disclosure Statement for Futures and Options prior to applying for an account.
