Biodiesel wonder weed for emerging markets?

Could Jatropha provide cheap biodiesel?

I'm not a big fan of biodiesel or ethanol - at least not yet. Most important, I don't believe that the plant materials being used to develop these fuels, such as corn or soybeans, are the right ones. Still, cellulosic biofuels offer incredible potential. Thus, biofuels do have a role in America's energy paradigm, and I do believe they should be pursued.

In other areas of the world, however, biofuels offer much more potential, particularly because most other countries aren't the energy hogs that is America and our gas-guzzling culture.

Thus, CNBC has been plugging Jatropha as the "wonder weed" for emerging markets, particularly India, China, Malaysia and the Philippines. Offering 10x the oil per acre as soybeans, the once annoying weed, jatropha, could be a major money-making weed for the biofuels industry.

Unfortunately, it's not easy to play Jatropha as an investment, and it must be played through corn and soybeans, which all trade together according to CNBC.