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Cost of corn rises.(Letter to the editor)

The New American

| June 11, 2007 | Angier, Chuck | COPYRIGHT 2007 American Opinion Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Archer Daniels Midland ("Correction Please!" March 19) reported 1st quarter profits on May 1. Not surprisingly, revenues were up 25 percent while net income was up only 4.3 percent because of increased corn costs (duh). Subsequently the stock fell 6.9 percent.

Corn prices have doubled because of the ethanol "scam." Corn ethanol wasn't cost competitive at $2.00 per bushel, much less ...

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