
Much of the cost can be attributed to the law of supply and demand. The cost of corn will go up as the demand rises. Right now, corn is primarily a food product in the US. With the use of corn/corn by-products as an alternate fuel source, the demand will rise, and so will the cost.
I've heard of a potential rebellion from the low income worker's who have corn (tortillas) as a staple in their diets. The cost of tortillas in Mexico is up 33% in the last week. For a laborer in Mexico, who makes $4.00 a day, the cost of a $3.00 tortilla will force more across the border to the U.S. If you think popcorn at the theater costs a lot now, wait for it to peak as more and more corn and corn products go into the development of Ethanol!
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