LOOKING TO THE FUTURE
So what does this spell for the future of biofuels and agribusiness in general? Certainly in the next two years there will be continued growth in the corn-based ethanol industry. This in turn will continue to pressurise corn supplies and have a knock-on effect on all grains and oilseed demand. Commodity prices may rebound – although it is unlikely we will reach the heady peaks of June 2008 as commodity speculators, who have been hard hit over the last two months, conclude that ‘once bitten, twice shy’.