What is the Correlation between Grocery Prices and Corn Costs?
There isn’t one. This is factually proven with historical data in the 1st attachment below: Retail Realities: Corn Prices Do Not Drive Grocery Inflation. Again, if you would really like to gain some insight on the complex dynamics behind the misinformation so commonly hyped in the mainstream press, then read this paper and the one recommended above. Some key points include: “Food & Water Watch’s examination of historical farmgate and retail price trends disproves the allegation that there is a causal relationship between farmgate prices and retail grocery prices. In fact, in many cases there is not even a correlation between farm prices and grocery prices – in some cases corn prices increase and some meat and milk prices have declined. In other cases, corn prices fall steeply and some meat and milk prices continued to rise.” “The prices of some foods without corn inputs are rising even faster than for corn-fed livestock-related foods. By mid-2008, fish and seafood prices are anticipate
