date:Aug 10, 2012
slate into higher costs for food businesses, ethanol users and consumers, with effects not fully known until well into the next calendar year.
Around 40% of this years corn crop had been slated for use in the production of ethanol in 2012-13, but manufacture of the biofuel may be curtailed by high corn prices. A number of Midwest ethanol plants closed temporarily in July because making the product was unprofitable.
Corn, the most ubiquitous field crop in the United States, has a huge influence o