USDA 10-year agricultural projections concede major role to ethanol and biodiesel The US Department of Agriculture just released its long-term forecast for the farm sector. USDA Agricultural Projections for 2011-20 cover sector indicators, commodities, and trade. Key...
Type Casting?
Corn ethanol is cast as a culprit in rising food prices (again) A Financial Times report from the Commodity Markets Council annual meeting (this week in Palm Beach) notes that Dodd-Frank financial system reforms top the list of worries for the commodities futures...
Sizing up the Usual Suspects
Sorting out possible causes as yet another global food crisis looms The world’s poorest are at risk of being priced out of the market for food because … we’re burning corn and other staple crops for biofuel … the rising middle classes in the BRICs and beyond are...