Tuesday, April 01, 2008

Fewer Acres of Corn Likely To Keep Prices High - WSJ.com

Fewer Acres of Corn Likely To Keep Prices High - WSJ.com: "The tight grain situation, combined with rising energy prices, could exacerbate food inflation and retrigger debates over using food for fuel at a time when many low-income consumers are being roiled by high food prices, the crash in housing prices and a likely recession.
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Associated Press
Corn planting is expected to remain at historically high levels but could be down this year. Above, a Malta Bend, Mo., plant in this 2006 file photo was one of a growing number of plants distilling ethanol from corn.

Already, some members of Congress are calling for renewed attention to the government's policy on fuel ethanol, which requires the use of as much as 15 billion gallons of corn-based ethanol by 2015, up from about nine billion currently."

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