Lost In Translation: Following a year of 'irrational exuberance,' biofuels growth might scale back significantly in 2008 if one forward-thinker is interpreting the market language correctly

摘要

GIVEN the build-up that went into the 2007 growing season, practically no one was surprised that biofuels growth translated into millions of acres of farmland shifting from crops such as soybeans and cotton to corn. Early on, many market analysts predicted this trend to corn from other crops would continue into 2008 as biofuels continued to expand their market footprint, translating into even higher corn acreage and crop input sales. However, according to one speaker at the 2007 Mid America CropLifeAssociation (MACA) annual meeting, this translation could be less exact then it first appeared.