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Post by Glenn on Jun 13, 2011 7:36:49 GMT -6
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Post by Glenn on Jun 16, 2011 11:41:53 GMT -6
>>>The ethanol industry was at work and able to defeat the vote in the Senate yesterday to end the ethanol subsidies immediately. Supporters of the bill led by Senator Coburn of Oklahoma failed to muster the required votes but this issue will not go away. Corn farming Senators see the hand writing on the wall and are attempting to phase out the subsidies instead of ending them. Corn futures are falling in anticipation of ending the subsidies. More amendments are going to be introduced today.<<<<
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Post by brettdouchard on Jun 16, 2011 17:36:41 GMT -6
The senate voted to repeal the subsidy and tarriff today 73-27.
Interestingly enough, check out the trend in corn prices and cattle futures the past couple days.
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Post by Glenn on Jun 16, 2011 20:05:09 GMT -6
Good point. Feeders were limit up today!
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