Friday, February 18, 2011

Surging corn set to fuel widespread price hikes

Looking for a good indicator for where food prices are headed? Watch corn.

Corn’s impact on the food industry is unlike that of any other agricultural commodity. At its most basic level, corn is a food staple for billions of people around the world and a key ingredient in dozens of products like breakfast cereals, baked goods, breads, tortillas, chips, soft drinks and even bourbon. But its reach goes much further. Read more