What a speedy and surprising recovery! Since reaching an all-time high of $7.65 per bushel on June 27th, corn on the CBOT has fallen all the way down to $4.98 per bushel. This is excellent news for ethanol producers as this is the lowest corn has been since January. This is surprising to say the least considering it was only two-months ago that the Midwest region was experiencing its worst floods in nearly 15 years. Concern over the crop has since been alleviated as weather has been near-perfect and the price of oil has dropped considerably. As a result, ethanol stocks have managed to rebound. In the past month, VeraSun has lead pure-play producers with a gain of 58% to $6.72 a share. Pacific Ethanol and Aventine, though, have not been far behind, gaining 53% and 48%, respectively.