Ethanol is to food prices as greed is to gasoline prices- gas prices

As corn prices rise, farmers plant more corn and fewer fields of wheat, barley, soybean, canola and anything else that sprouts from the ground. And as far as soybeans goes, since the byproduct of ethanol production (distillers grains) is a substitute for soybeans in livestock feed, increased ethanol production at least partially offsets the need for soybeans. And for food prices that answer is ethanol and for gasoline prices that answer is greed. Ethanol is to food prices as greed is to gasoline . read more

[Tags]prices, ethanol, corn, food, gasoline, , gas prices[/Tags]

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