Demand expected to push US corn reserves to 15-year low

posted by
April 10, 2011
The Tennessean    
Posted in News

"Rising demand for corn from ethanol producers is pushing U.S. reserves to the lowest point in 15 years, a trend that could lead to higher grain and food prices this year. ... The limited supply is chiefly because of increasing demand from ethanol makers, which rose 1 percent to 5 billion bushels. That's about 40 percent of the total crop." [editor's note: In other words, an idiotic program, subsidized with your tax dollars, also jacks up the price of gas and food for you. Thanks, government! - TLK] (04/10/11)

 

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