special issue december 2006 michael r rahm vice president mike mosaicco com joseph fung market analyst mosaic biofuels not only are powering more vehicles these days but they also fueling the most optimistic outlook for agriculture since 1970s energy deficit or grain surplus countries promoting initiatives in response to persist ently high prices developments range from oilseed based biodiesel production europe and southeast asia corn sugar ethanol north america brazil capital has gushed into industries around globe during past year so recent increases feedstock costs coupled with moderating may slow that flow as investors assess consequences both intended unintended of large scale a global phenomenon this edition examines detail emerging us markets many assessments however likely will apply other describes makes half dozen about potential impacts on agricultural assessment 1 have small significant impact