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Reports and experts are showings trends that the use of commodities such as corn and soybeans are impacting both the economy and the environment in a negative way. Food prices and fuel prices are on a record increase due to the excess demand for bio fuels. As a county we should focus on finding to an alternate source for bio energy.
Historically such commodities as corn and soybeans have typically had a surplus market. Throughout much of the 1980’s one of the largest consumers for these commodities was exporting to other countries, another large consumer was to use it as a supply for feed for livestock. The average price of corn paid to farmers in 1980 was $3.11 per bushel, and in 2005 the average price was $3.50, this was after many years of much lower prices. (Mitchell)
The corn market has been considered a stable market because of the predictable small increases through the years. Today’s current market price for corn is up to about $5.70 a......
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