Will They Admit Their Error?
By Ken
Posted: October 23, 2008
Posted: October 23, 2008
Ethanol no longer seen as big driver of food price
Heavy demand for corn from ethanol makers was seen as a key driver of corn futures to record highs in June, but since then the sharp decline of corn along with other commodities shows that belief was mistaken.
“The record high prices were a speculative bubble,” said Stewart Ramsey, senior economist for Global Insight, Philadelphia.
Corn Commentary » Blog Archives » “Food Versus Fuel” Debate Dead Said,
October 29, 2008 @ 1:12 pm
[...] And, yes, the Reuters story noted below. [...]