Heavy demand for corn from ethanol makers was seen as a key driver of corn futures to record highs in June, but since then the sharp decline of corn along with other commodities shows that belief was mistaken.
Corn is down about 50 percent from its record high in June, even as the amount of the grain used to produce the renewable fuel in the United States remained the same.
"The record high prices were a speculative bubble,"said Stewart Ramsey, senior economist for Global Insight, Philadelphia.
"We had a lot of reasons for prices to go up and to go up a lot and ethanol use was one of those,"he added.
Ethanol No Longer Seen as Big Driver of Food Price
Like to receive news like this by email? Join and Subscribe!
NEW! Join Our BlueSky Channel for regular updates!
Related News
June 12, 2025
Polysense raises EUR 2 million to spice the food industry with AI to become more sustainable and profitable
Polysense, a Belgian technology start-up, raised EUR 2 million (USD 2.3 million) from tech entrepreneurs to further disrupt the food industry. The company specialises in AI solutions for production processes to reduce waste and increase efficiency. 
June 08, 2025
TNA Solutions Marks World Food Safety Day with Expert Insights from Steve Burgess
In recognition of World Food Safety Day on June 7, TNA Solutions has presented a timely expert blog titled “Engineering Better Food Safety” by Steve Burgess, General Manager – Europe & Africa at TNA Solutions.
April 30, 2025
Enactus UPEI's Spuds2Suds: Turning Potato Waste into Sustainable Soap and Community Support
UPEI students created Spuds2Suds, a soap made from surplus PEI potatoes. The eco-friendly project won top prizes at Enactus Regionals, donates a bar to food banks for each sold, and is now available locally. Next stop: Enactus Nationals in Calgary.
Latest News
Sponsored Content
Sponsored Content
Sponsored Content
Sponsored Content
Sponsored Content