"Earlier this year, corn began getting pricey because it was in high
demand to make ethanol. That sent prices rising for other corn-dependent
products, including milk and meat. Now wheat is costing more and more because of
poor harvests and greater global demand, sending grocery bills still higher. The
price of wheat futures reached a record $9 a bushel on the Chicago Board of
Trade on Wednesday. And the higher food prices that have resulted from the
increase -- items like baguettes, rigatoni and cupcakes cost more -- come at a
time when consumers are already feeling strained by energy prices and mortgage
debt."
Not only will ethanol from corn not solve the energy crisis that America is in. It will not decrease global warming that much, since the amount of energy put into production of ethanol is equal and sometime more than what is obtained from it. It drives up the cost of food products throughout the market and could bring more land into crop production.
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