3) With the prospect of a La Nina drought affecting 2008 production, a 113 bu. national yield (1988 style drought) would push corn prices to $6.42 and only 27% of the ethanol plants could operate and the ethanol production mandate would not be met. If the mandate was enforced, corn prices would reach $7.99 and ethanol plants would require a
$6 billion subsidization to continue operating.
farmgate: What Impact Would A Drought Have On The Ethanol-Based Corn Market?
Got some acres of corn there do ya Grainy ???..............LOL