For more than a year now, the big city press has had ethanol in their cross hairs. They blame the increase in food prices on the fact that part of our corn crop is processed into fuel. The hot, dry summer has hurt our corn crop and that has helped to lift the corn prices to $7 per bushel, giving the ethanol critics even more ammunition.
Let’s put some facts on the table.
Spring Wheat Futures Lead Wheat Markets Higher
EHedger Afternoon Grain Commentary 8-17-2011