Forbes has published an article on the effect of ethanol on corn prices, which are up more than $1 per bushel between 2005 and 2007. This translates into a 1.1 cent increase in a box of Kelloggs Corn Flakes.
The article focuses on the tension between corn producers and meat producers, both of which are reaching to the internet to make their opposing cases.
Free Subscription to the Daily Biofuels Digest e-newsletter
Related Stories
Nebraska land prices up 23 percent in ‘07 on corn demand surgeThe Nebraska Farm Real Estate Market Survey shows that local farmland prices have jumped 23 percent in the past year, and 88 percent since 2003. Adjusted for inflation, land prices set an all-time rec...
Forbes magazine names Novozymes and POET as two of its eight renewable energy companies to watchForbes magazine named Novozymes and POET as two of its eight renewable energy companies to watch. The article is this week's issue highlighted the role of enzymes from Novozymes in converting waste an...
Indiana crop, livestock production value increases 73 percent since 2002, ag census reportsIn Indiana, the 2007 Census of Agriculture was released and showed that the value of Hoosier land and crop output value grew 73 percent between 2002 and 2007, according to the state. Crop and livestoc...
USDA says corn demand slowing; CBO projects sub-$4 corn through 2019In Washington, the US Department of Agriculture reported that the global economic downturn was reducing demand for corn and causing stocks to grow, sending March corn futures tumbling to $3.72. A repo...
Head of UN Environmental Program says linking biofuels to higher commodity prices is “only speculation at this stage”Achim Steiner, executive director of the U.N. Environment Program, said that linking biofuel crop demand and higher commodity prices was only speculation at this stage. He said that further study woul...
Today in Biofuels Opinion: “At $4 (a bushel) corn, we can compete with $60-$70 (a barrel) oil.”POET CEO Jeff Broin: "At $4 (a bushel) corn, we can compete with $60-$70 (a barrel) oil. As oil falls below that, it will have some effect on grain prices."
Sue Ellerbusch, BP Petroleum's vice pr...