GrainPrices
05 MAY 2008 -- BUCKEYE, AZ: Wheat growing in a field in Buckeye, AZ. Corn and wheat prices have skyrocketed in the last two years as energy prices have gone up and the use of corn crops in ethanol have taken corn out of the food chain and placed it in the energy industry. Les Heiden, owner of the Heiden Land & Cattle Company, said his corn prices have gone up by 123% since May, 2006. He attributes about 85 percent of the price increase to the ethanol industry, which he said his buying five times more corn now than they were two years ago. Heiden feeds about 4,500 head of cattle in his feed lot, which is west of Phoenix. Photo by Jack Kurtz
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