Tuesday, May 20, 2008

Losonoco Follow-Up

Just a follow-up to the story about biofuel firm Losonoco deciding not to build a canola oilseed crushing processing plant at the Port of Wilma in Whitman County.

According to the Associated Press, this decision was made because Palouse farmers are not going to grow canola when wheat recently traded around $20 a bushel.

Ironically, this surge in wheat prices is being cause by wheat growers in other states switching their crops over to corn to make ethanol.

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