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verasun bankruptcy


Ethanol producer VeraSun files for bankruptcy protection as corn plummets

Humans have known for thousands of years that a good or bad crop can mean bounty or death by starvation. One of the many downsides to relying on crops for a feedstock for anything is the volatility that goes with the price. In old days, people hedged against a bad crop by finding ways to preserve food for the lean times. Today when it looks like prices are heading up, big companies lock in prices at what they think will be a low level. Unfortunately, that can come back to bite you when prices go down and you're stuck paying a higher than market ... Read more →

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