Corn is Down...from $6

Published: February 6, 2007

The current price of corn is $3.23 a bushel, more than half again what it was a year ago, and beginning to bring to mind the record $5.545 a bushel set in July 1996.

Today’s price is $5.93 a bushel (At 10:00 AM)

Ethanol can be made from any plant material. Grass. Wood chips. Pea pods. But it is made in the USA with corn, a foodstuff and at the core of almost all we eat. Why corn? I guess one would have to ask the corn lobby. And to make that ethanol, one of the first things that must be done is to convert the corn into a form of sugar. This requires heat (energy). In Brazil, they make ethanol from sugar cane. It’s already sugar and doesn’t require heat (energy) to break it down. Now if you wanted to import some of that cheaper Brazilian ethanol you would first have to pay 54 cents a gallon tariff. Why is that? I guess one would have to ask the corn lobby. The price of eggs? I guess one would have to ask the corn lobby. The price of pork? I guess one would have to ask the corn lobby. The price of beef? I guess one would have to ask the corn lobby. Candy? I guess one would have to ask the corn lobby. Ad infinitum.