[TigerLikesRooster]

Not really. Big money going for the last bubble(commodities,) India and China buying more, rising cost of farming(due to rising oil price,) feel-good ethanol projects.

Just (un)lucky convergence.

[TigerLikesRooster]

In the case of U.S., you can add “sinking dollar” to the list.

[wolfcreek]

“Just (un)lucky convergence.”

Unlucky or not, past events of this nature have caused major problems.

Trouble is, the *policy* makers know this yet, carry on with business as usual.

[mamelukesabre]

Yeah, you left out the massive crop failures in europe and elsewhere last year. I think I read china had some major crop failures too, due to cold weather. But those were more recent. It’s kind of a sick twisted logic, but pushing massive ethanol production might be the best way to get people to overthrow oppressive governments. When they’ve been hungry for awhile, they might get grumpy enough to tell their leaders to stuff it.