EYE ON COMMODITIES - CORN and WHEAT

  • Corn"The Organization of the Petroleum Exporting Countries is taxing the industrial world into a global depression and Big Oil is behind this year's vicious assaults on corn-based ethanol. The world's largest ethanol conference began with those blunt messages last week here in Music City, USA, where nearly 4,000 people gathered for the 24th annual International Fuel Ethanol Workshop & Expo (FEW), a BBI International event" -Biotech Week G8 climate change agreement includes language about goals to set international benchmarks on biofuels, a move that could require US corn producers to scale back on production for biofuels. The Guardian
  • WheatThe Australian press is reporting that durum wheat prices are on the rise despite a big worldwide crop. Strong demand internationally, particularly in the US, is pushing prices higher. The primary use of durum wheat is to produce pasta.