[SkyDancer]

So what happens when there's a drought??? Even if the whole of the USA were converted over to some sort of grain producing ethanol we still could not meet the demand. Plus, there are more products from oil than just gasoline. Fertilizer for one, plus some pharmaceuticals ... there's a large list of things.

[Blackirish]

There is a drought buts in Australia where they grow a lot of wheat. This rally has much less to do with ethanol and much more to do with tightening of wheat supplies and strong buying by the speculative hedge funds.