Corn pops to record $6 per bushel ; Food, ethanol prices will rise as supply won't meet demand

From: The Boston Globe | Date: April 4, 2008 | Copyright information

NEW YORK - Corn prices jumped to a record $6 a bushel yesterday, driven by an expected supply shortfall that will only add to Americans' growing grocery bills and further squeeze struggling ethanol producers.

Corn prices have shot up nearly 30 percent this year amid dwindling stockpiles and surging demand for the grain used to feed livestock and make alternative fuels. Prices are poised to go even higher after the US government this week predicted American farmers - the world's biggest...

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