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December 2, 2008 9:54:29 PM CST


corn shock

corn shock news stories

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ANALYSIS

Producers Quick to Pass Price Hikes Down Food Chain

Pricier grain, energy make everything more expensive, from cereal to meat

(Newser) - Soaring grain and energy costs are driving food prices skyward, and big producers are moving to pass price hikes down the food chain to consumers on everything from cereal to meat, the Wall Street Journal reports. And costs won’t likely decrease, with biofuel demand eating up more corn than ever and livestock herds being thinned in response to the higher price of grain. More »

More about:  recession food prices meat energy costs grain agricultural economy food production General Mills corn shock

Ethanol Guzzles 25% of US Corn; Links Food, Fuel Prices

Switch to corn-based fuel links grain and energy prices

(Newser) - When Congress passed its latest energy bill four months ago, the provision to boost ethanol requirements was exceedingly popular. But now, critics are lambasting that measure, and the ethanol movement in general, for linking skyrocketing food and oil prices. “We used to have a grain economy and a fuel economy,” one analyst tells the Washington Post . “Now they're beginning to fuse.” More »

More about:  food prices agriculture biofuel ethanol farmer corn corn shock

Corn May Be Recipe for Disaster

Drought would ripple through US economy

(Newser) - The US is becoming so dependent on corn that a drought would have catastrophic effects that would ripple throughout the economy, reports the LA Times. Corn is essential as staple livestock feed, artificial sweetener, and a basic component of ethanol. A "corn shock" could lead to $5 gas and $3.50 eggs, economists warn. "We are replacing price volatility from the Middle East with Midwestern weather price volatility," said one analyst. More »

More about:  US economy ethanol corn wheat grain corn shock Wells Fargo & Co Soy corn belt Earth Policy Institute corn syrup

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