Jumping Back into Ethanol

Amazingly, after examining the reasons for losing on the last ethanol/corn spread, I felt compelled to get back in the same trade today. It is mentally much easier to get back in at better levels and the ethanol is around 4 cents cheaper than when I got out, but that's not really the idea. The idea is that Corn staged a reversal today and speculators have a lot of corn to sell if it trades lower. If corn turns back higher, I think I can be nimble enough to exit without much of a loss.