Friday, October 17, 2008

Biofuel's Effect on Grain Prices

Maybe ethanol isn't the only thing that can affect corn prices...

"When you have something come in like Lehman Brothers going bankrupt, then it influences your market. Those kind of things are impossible to build into your business plan," said Krug.

And unless prices go up, hard to make a profit.

In Nebraska, corn sold at around $3.50 a bushel Thursday.

Soybeans were at about $8.

Both prices are about half of what they were just a few months ago.

No comments: