By Forrest Laws
Farm Progress
The food vs. fuel debate that may have helped lead to lower corn and soybean prices after the markets for those commodities hit record highs in 2011 and 2012.
Environmental activists said processors shouldn’t be turning corn into ethanol and soy and other vegetable oils into biodiesel at the expense of food uses for those ingredients when people were going hungry in some parts of the world.
The debate has surfaced again with 2021’s higher prices for soybeans and corn, but Mac Marshall, vice president for market intelligence with the United Soybean Board and the U.S. Soybean Export Council, believes the arguments are misplaced.