From Newsmax:

British financial journalist Ambrose Evans-Pritchard says that food will never be so cheap again, and biofuels are to blame.

“Barack Obama has not reversed the Bush policy on biofuels, despite food riots in a string of poor countries last year and calls for a moratorium. The subsidy of 45 cents per gallon remains,” Evans-Pritchard writes in the U.K. Telegraph.

“For investors wishing to rotate out of overstretched rallies — Wall Street's Transport index and the Russell 2000 broke down last week — this is a rare chance to buy cheap into a story that will dominate the rest of our lives.”

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