If the lottery is not the way you want to invest in biofuels, why not head over to the stock market? Investment writer Kevin Kerr says that it's soybeans that are "poised to make investors rich in 2007" (it's the title of this recent press release).
Kerr's statement is based on the fact (inferred from "recent surveys") that American farmers will be planting the smallest crop of soybean this year since 1996. A drop in supply means an increase in price. And the reason for the drop in supply is that many farmers are shifting soy fields over to higher-value corn crops to feed the ethanol market. Kerr says soybean prices could double this year, and that bean buyers are already amassing contracts.

I'm not against ethanol, especially cellulosic ethanol, but if the price of my tofu goes up so flex-fuel SUV drivers can feel greener, then that's a problem.

[Source: Dailyreckoning.com]

I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.

    • 1 Second Ago
  • From Our Partners

    You May Like
    Links by Zergnet
    Cars for Sale Near You

    Share This Photo X