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Re: The Cheap Investor post# 3774

Thursday, 11/12/2009 2:14:37 PM

Thursday, November 12, 2009 2:14:37 PM

Post# of 13354
at this time , the fact the price of soy/canola oils are back down to per collapes of the biodiesel inductry. it is my believe that the soy futures along with the corn futures were bought up by big oil to stop biofuel. and it worked. there was a surplus of 15 percent of the total corn last year that just went to waste but the price of corn and soy more than doubled it was not a case of supply and demand. plus now the by product from the biodiesel production (glyclene/glycoal}is now another source of income where before it was a cost to despose of. making the whole operation a profit center and can compete with diesel and fuel oil.