Thursday, February 22, 2007

Corn Hits Ten Year High

Corn hit almost $4.50 a bushel today. Soybeans are at their highest levels since 2004. Hey, but there's good news - the Fed says inflation isn't a problem. I went to an event where U.S. Bank economist John Mitchell spoke yesterday, and he called a chicken "corn that has been turned into meat." All the ethanol plants that are currently under construction are going to make trips to the grocery store more expensive. We need to keep trying to steer politicians away from ethanol and towards EV's powered by wind, solar, etc.

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