Corn grown in the USA has traditionally been used to feed livestock or has been converted into corn syrup and used as a sweetenero longer solely for eating, corn is increasingly being used in the production of ethanol and it is now considered an 'energy commodity.'The price of corn commodities rallied earlier this year, due to numerous bullish factorsne of the most significant factors is the fact that the global dependence on energy from fossil fuels is continually being challengedeopolitical risks in oil-Producing countries, conflicting estimates on the sizes of oil reserves, the environmental movement and the farm lobby in the United States have put biofuels in the spotlight-benefiting the grain commodity marketshether you agree with the economics of corn-based ethanol or not, production capability is being expanded in the United Statesthanol is heavily promoted by the powerful farm lobby, and is now subsidized by the US Congresshe 2008 re-election campaign figures into th ... [Read More - Trend Software]
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