The National Corn Growers Association http://www.ncga.com provides a list of 22 categories of products that use corn by-products. An example is corn sweeteners marketed through Cargil http://www.cargill.com/products/food/ps_corn_sweeteners.htm. I am not familiar with all of these products that include brewing adjuncts, corn syrup, dextrose, etc. Of course corn growers see big opportunities in the production of ethanol.
The impact of the floods along the Mississippi River basin this year will soon impact all of our lives. The USDA reported today that corn harvests this year will be 87.3 million acres, down from last year's 93.6 million acres. Corn futures for July contracts have jumped 25% from $6.00 per bushel to more than $7.50 per bushel. My source is Business Week. http://www.businessweek.com/ap/financialnews/D91KDEN80.htm.
So what is more important? Is it an on going war in Iraq with a victory that the Republicans cannot define or is it the American economy?
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