Corn and Wheat Prices Up
November 18, 2011| |
IBISWorld, publisher of industry research, reports that prices of principal products such as corn and wheat are expected to increase through 2011 in the U.S. This scenario is expected to be the trend due to the federal mandate for biofuel increases as outlined in the Energy Policy Act of 2005. Farmers, according to IBISWorld, will increase production and genetically modified crops are expected to meet this goal.
The growth in demand for ethanol increased demand for corn and soybeans; hence prices and production of these crops also went up. The weakened US dollar during the economic recession made domestically grown crops more affordable to international markets. In addition, global shortages of food grains caused prices of key commodities (including corn and wheat) to spike significantly. The interplay of these factors is expected to push revenue in the Corn Wholesaling industry.
For more information visit http://www.prweb.com/releases/2011/11/prweb8952375.htm or download IBISWorld Reports at http://www.ibisworld.com/industry/default.aspx?indid=981&partnerid=prweb
| |
Biotech Updates is a weekly newsletter of ISAAA, a not-for-profit organization. It is distributed for free to over 22,000 subscribers worldwide to inform them about the key developments in biosciences, especially in biotechnology. Your support will help us in our mission to feed the world with knowledge. You can help by donating as little as $10.
-
See more articles:
-
News from Around the World
- Global Commission on Sustainable Agriculture Forwards Recommendations
- Scientists Sequence Genome of Medicago
- FAO: Traditional Crops Need Protection from Climate Change
- New Global Research Collaborations Announced at the ICG-6
- BASF and Cargill Partner on GM Plant Omega-3 Project
- Argentina: 67th Signatory of the Nagoya Protocol
- Cassava Virus Spreading in East Africa
- Research Brief on Use of Radio in Biotech Communication
- APHIS to Improve GE Petition and Risk Assessment Processes
- EMBRAPA Enhances Biosafety Communication Capacity of Journalists
- Domestication of Soybean Started Earlier than Thought
- Corn and Wheat Prices Up
- USEPA Approves Genuity® VT Double PRO® RIB Complete™
- Biotech Communication Challenges in Australia, China, and India
- Vitamin A Maize for Southern China
- A Rapid PCR-Based Detection Method of Black Leaf Streak Disease in Indonesian Banana Crops
- Scientists Develop New Product to Boost Kiwifruit Vine Disease Immunity
- Position Paper on Food Security and Safety
- Agrifood Clusters Form the European Food Alliance
- EU Court of Justice Directive on Honey Containing Pollen Derived from GMO
-
Research Highlights
- Scientists Study Tritrophic Interactions Among Bt Maize
- Transformation of Cabbage Using Bt cry1Ba3
- Coloring GM Soybean Grains By Suppression of ANR1 and ANR2
-
Beyond Crop Biotech
- Purdue Scientists to Improve Biosensors Using Carbon Nanotubes
- Stop Signal Discovered for Skin Cancer
-
Announcements
- 7th International Congress on Nitrogen Fixation
- Biotech Risk Assessment Research Grants Program
-
Read the latest: - Biotech Updates (April 24, 2024)
- Gene Editing Supplement (April 24, 2024)
- Gene Drive Supplement (February 22, 2023)
-
Subscribe to BU: - Share
- Tweet