Drought, Ethanol and Economy Respondents to WPI's online survey leaned a bit pessimistic on the economy (see graph below). Meanwhile, the drought may not prompt food inflation for a while, but it certainly will add to the sour mood, especially in swing states like Colorado, Iowa, Ohio and southern Wisconsin. It will be important to watch how it is played by the president and his opponent, Mitt Romney, in terms of disaster assistance and ethanol. Please go to www.worldperspectives.com and weigh in on whether the drought should prompt any action on the ethanol mandate. Miscellany Biotech Sugar: Seven years after being initially approved by USDA, the Roundup Ready sugar beet achieved its second and final deregulation classification. A cou...