Ethanol's Forecast
Rain and floods in the corn-growing Midwest could drive up the costs of producing the biofuel.
In recent months, demand for corn used to make increasing amounts of ethanol has driven up corn prices, and to some extent food prices. But now bad weather in the Midwest, which has delayed corn crops, could further drive up corn prices and lead to significantly more expensive food, particularly meats. The weather problems could also cause some ethanol plants to shut down. Full Story »
Posted by Beth Wellington
