Tight credit, volatile corn prices, a shrinking ethanol market,
questions about ethanol companies' ability to make up for 2008's losses, and
worries about whether the industry can meet mandated production goals cause
uncertainty for ethanol in 2009.
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The close of trade last Wednesday marked more than just the end of a
wild 2008, it also saw a possible long-term change in trend in all three
grains.
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A study released by National Crop Insurance Services shows that over
a 16-year period the crop insurance industry was not as profitable as other
lines of insurance, despite criticisms from Congress that the industry is an
example of wasteful spending.
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The Chicago Board of Trade is seeking to limit the number of grain
shipping certificates and warehouse receipts that speculators can hold.
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Producers looking for thrills in 2009 need look no further than the
Crazy Corn Coaster.
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