The Fargo Forum had an editorial this week that asked an excellent question: If commodity prices have gone down in the past couple of months, why haven't food prices followed?
"If higher grain prices caused by ethanol were driving prices higher, shouldn’t falling grain prices push food prices down?," the Forum asks.
The editorial says that major food companies and the Grocery Manufacturers of America "have cloaked their price increases in misinformation and outright lies about the impact of biofuels made from grains, specifically corn-based ethanol. But the more the companies and their representatives reveal about their pricing strategies, the clearer it becomes that prices are going up for primarily one reason: to bolster company profits."
The entire piece is worth a read - find it here: http://www.in-forum.com/Opinion/articles/214903