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Grain companies making incredible profits

On the front page of the Wall Street Journal this morning, “grain companies prices soar as global food crisis mounts.” Farmers are making incredible profits since many grains and vegetables are in high demand. “The crisis stems from a combination of heightened demand for food from fast-growing developing countries like China and India, low grain stockpiles caused by bad weather, rising fuel prices and the increasing amount of land used to grow crops for ethanol and other biofuels rather than food.” Grain companies have responded by saying they will put the extra money towards technology development that will increase productivity.

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