Corn Futures Could Spike Food Prices

Filed under: Products and Services, Politics, Commodities, Oil, Agriculture

Sequestered within the pages of auto industry news, came notice of a recent EPA approval which could cause unexpected repercussions across a wide range of investor and consumer interests. The EPA has just given its approval for a 5% increase in the amount of ethanol allowable in today's motor fuels. While the petroleum industry has not yet given indication whether or not it shall make the new fuel blend available to consumers, various business sectors and government entities are quickly aligning themselves either pro or con on the issue. One thing is almost certain, corn futures just became more volatile.



The auto industry is largely against the increase in ethanol concentrations, citing the fact that a 15% ethanol mixture cannot be safely and efficiently burned in vehicles manufactured before 2007. Consumers who mistakenly pumped E15 gasoline into those older vehicles would run the risk of damaging their car engines and defeating the emission equipment and mileage standards of their vehicles.

Continue reading Corn Futures Could Spike Food Prices

Corn Futures Could Spike Food Prices originally appeared on BloggingStocks on Thu, 14 Oct 2010 16:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments

Full story at http://www.pheedcontent.com/click.phdo?i=50e3e6df7faaf3518764a533de2cb9db