Market News 
01.27.09
Crude oil fell from a two-week high in New York, Monday, on speculation that rec...
01.26.09
South America Drought Worst In 47 Years
Corn and soybeans declined in Chicago, Monday, as rain in Argentina and Brazil i...
01.23.09
Venezuela and Argentina to Cooperate On Energy
The presidents of Venezuela and Argentina have signed agreements Thursday to coo...
01.22.09
Soybeans advanced 0.6% Wednesday after losing 2.8% Tuesday as the dollar’s rally...
01.21.09
India Rules Out CPO Import Tax
India has ruled out import taxes on CPO as prices of domestic oilseeds stay abov...
01.20.09
Malaysia’s government is considering a request by domestic palm oil producers, i...
01.19.09
Goldman Sachs Projects Oil Price Increase
Goldman Sachs Group Inc. expects a “swift and violent rebound” in energy prices ...
01.13.09
Oil Could Hit $30 This Quarter
Oil consumption will drop by 1 million barrels a day this year as the US, Europe...
01.13.09
Soybean Prices Increase On Weather Speculation
Soybeans advanced Monday to the highest in more than three months on speculation...
01.12.09
Oil fell below $39 a barrel on Monday due to growing evidence that recession is ...
Credit Suisse: "Reversing US Ethanol Policy Will Not Lower Grain Prices"
05.15.08
A report by Credit Suisse suggests that reversing US ethanol policy, including subsidies, won't return grain prices to lower levels and would cause gasoline prices to move higher.
The report notes that corn has energy value and the market is willing to value it on that basis. The US government may decide to slow increases in the nation’s biofuel mandate, but elimination is unlikely, the analysts said. Credit Suisse also sees ethanol prices heading closer to wholesale gasoline prices as increased blending infrastructure comes on line and absorbs the ethanol surplus.
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