The soy (price) as is high as an elephant’s eye

High soy prices are taking their toll on US biodiesel producers in Delaware and in Wisconsin, according to Domestic fuel. In both of those states, Biofuel plants have opened or are being built with help from state or local funding and have closed or construction has stopped because no one thought to do the sums if the price of feedstock increased. Which doesn’t cover either the companies or the local lenders in glory. Biofuels are a more than a warm cosy glow that win local law makers votes. They are products sold in markets and markets will have their way.
If there is a bright spot in this (and it is pretty dim) , by funding the plant’s construction the local authorities will have stimulated the local economy.

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