Corn prices have increased by 54% in 2006

ByRod Adams

In a development that should surprise no one, corn prices on commodities markets have increased dramatically this year. According to a recent article on Bloomberg.com titled Corn Rises in Chicago as Export Demand Surges, Supplies Shrink this price increase has been caused by lower production (a drop of 1.9% from last year) and increased demand from both export markets and ethanol production.

The article also mentions that corn inventories will be at their lowest level since 1984, that “ethanol demand is screaming” and that the price surge may not slow until it has gone up another 10%.

I expect that corporate farmers are pleased by the developments.

Rod Adams
Rod Adams

Rod Adams is Managing Partner of Nucleation Capital, a venture fund that invests in advanced nuclear, which provides affordable access to this clean energy sector to pronuclear and impact investors. Rod, a former submarine Engineer Officer and founder of Adams Atomic Engines, Inc., which was one of the earliest advanced nuclear ventures, is an atomic energy expert with small nuclear plant operating and design experience. He has engaged in technical, strategic, political, historic and financial analysis of the nuclear industry, its technology, regulation, and policies for several decades through Atomic Insights, both as its primary blogger and as host of The Atomic Show Podcast. Please click here to subscribe to the Atomic Show RSS feed. To join Rod's pronuclear network and receive his occasional newsletter, click here.

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