| From Hardassetsinvestor.com: While still not exactly cheap, corn under $4 does have its positives. First off, ethanol plants will see their costs come down, assuming there are any ethanol companies around to take advantage of the prices - the largest, VeraSun, is currently in Chapter 11.
With gasoline prices back near 2005 levels, demand for ethanol has (unsurprisingly) fallen off. Even though corn prices have dropped to almost half of their record high, ethanol manufacturers are closing plants and cutting production, as the price for their product is dropping faster..... Full Article: Source
|