Speaking of ethanol, I got this in a Kiplinger's newsletter in my email. Quote:
An ethanol flood is nearing. By next year, a slew of new plants
will lift annual output to about 13 billion gallons. That’s more
than can be used as E85 in flexfuel vehicles on the road and as E10,
the 10% ethanol-gasoline blend approved by EPA for conventional engines.
Prices will plunge further, and profits will disappear for makers.
Expect the feds to face pressure to speed up market development...
building infrastructure and helping get ethanol into more of the country
and/or letting blends with over 10% ethanol in them be used in all cars.
Adding to ethanol producers’ woes: Stubbornly high corn prices.
Farmers are likely to plant fewer corn acres this year than last,
lured by superhigh soybean prices to switch some acres to that crop.
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