Yes, corn ethanol should be abolished. Unfortunately, until biomass/cellulose technology is developed, this nonesense from D.C. will continue as sugar cane production of ethanol is limited to South America where sugar is a major crop and too expensive to ship here. If you want to invest in agricultural commodities and take advantage of this boom, DBA is my favorite ETF for doing so.
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Latest | Highest ratedAs Corn Prices Shoot Up, Ethanol Margins Turn Negative [View article]