Corn prices are creeping back up again, nearing the $8.43 record price set earlier this month. That's being viewed as a signal that not enough demand has been curtailed yet. Of course, one of the lingering debates is ethanol's use of corn, especially as oil prices creep back up, proving the margins for ethanol mills to profitably sustain higher corn prices. Brent Crude has increased $25 since the end of June, and that has driven up gasoline prices too, which in turn buoys ethanol margins and the ability of ethanol mills to buy corn.It is worth a look at what is going on in the oil market as we look to the future. Prices have generally been bullish based on the following:

The G8 countries are considering action to push economic stimulu...