I worked in my vegetable garden for most of the weekend and with every weed I plucked, the words "Ethanol" and "bio-fuel" kept popping in my head. I know that everywhere I turn, I see and hear about how Ethanol is going to save us from oil dependence and global warming.
Despite my skepticism about Ethanol, I am curious to know what set of this new trend in the Agriculture index? Exactly what happened at the end of 2001? Was it demand from China? Or a sudden fascination with Cocoa? Inquiring minds want to know!
[The Agriculture Index is] An index of agricultural commodity contracts, including Wheat, Red Wheat, Corn, Soybeans, Cotton, Sugar, Coffee, Cocoa, and Orange Juice. Compiled by Goldman Sachs [via traderlog].