GM Inside News Forum - View Single Post - If you are anti-ethanol, please read the following VERY carefully

Jimbus · 07-31-2008, 03:32 PM

But what you are not considering is that corn is a commodity traded in a market. Statistics and truth really have nothing to do with prices. My brother-in-law, who farms in nw PA, contracted preseason at just under $2.5 a bushel. He got over $4 a bushel post contract and the people he sold it to said it was because of the rush for ethanol.

It doesn't matter that ethanol uses a fraction of the corn production, prices are all about speculation. Oil prices are through the roof right now for no other reason than speculation. Keep this in mind, too, there was an article about some third world country making tens of thousands or millions of acres available to grow bio-fuel crops... this is probably code for clear cutting rain forest.

07-31-2008, 03:32 PM	#12 (permalink)
Jimbus 2.5L Iron Duke Join Date: Nov 2004 Posts: 22	Re: If you are anti-ethanol, please read the following VERY carefully But what you are not considering is that corn is a commodity traded in a market. Statistics and truth really have nothing to do with prices. My brother-in-law, who farms in nw PA, contracted preseason at just under $2.5 a bushel. He got over $4 a bushel post contract and the people he sold it to said it was because of the rush for ethanol. It doesn't matter that ethanol uses a fraction of the corn production, prices are all about speculation. Oil prices are through the roof right now for no other reason than speculation. Keep this in mind, too, there was an article about some third world country making tens of thousands or millions of acres available to grow bio-fuel crops... this is probably code for clear cutting rain forest.