Corn Prices Popping -- Grain Becomes Just Latest Commodity to Get More Expensive As Demand Surges
The Commercial Appeal (2007-Current) › February 10, 2011
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Summary
Americans should brace for higher food prices this year now that demand for corn has pushed U.S. supplies to their lowest point in 15 years.
Higher projected orders from the ethanol industry sent corn futures soaring Wednesday, as corn supplies became the latest commodity to plummet. Low levels of wheat, coffee, soybeans and other food staples have already sent prices surging on the global market.See the full content of this document
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Corn Prices Popping -- Grain Becomes Just Latest Commodity to Get More Expensive As Demand Surges
As those reserves decline, U.S. food companies are warning of retail price increases.
The ethanol industry's projected corn orders this year have risen 8 perce...See the full content of this document
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