Wheat prices alone have risen 92% in the past year, and yesterday closed at US$9.45 a bushel on the Chicago Board of Trade.
At the centre of the imminent food catastrophe is corn - the main staple of the ethanol industry. The price of corn has risen about 44% over the past 15 months, closing at US$4.66 a bushel on the CBOT yesterday - its best finish since June 1996.
...Biofuels are expected to eat up about a third of America's grain harvest in 2007.
Our energy policies are working. Robert Zubrin thinks that with more of the same, we can have what he calls "victory."