Ethanol, beef, Cokes and corn flakes just got pricier

Even a week or so ago, corn and soybean futures were pushing higher due to all the Midwestern flooding. Well, now that the details of the Iowa flooding start to come in, rest assured those commodities futures will go higher yet.

owa alone is estimated to have lost between 1 million and 3 million acres of corn production. That's about 7-21 percent of the overall production by the nation's top corn producing state.

Corn futures hit a record intra-day high Monday. And, with flooding on the Mississippi still expected, I’ll bet corn futures go up at least another 5 percent by Friday.

Ethanol and junk food hit new roadblock in corn prices

It’s called $6/bushel corn.

Even though gas prices continue to rise, corn prices like this will push corn-based ethanol even higber. And, those Twinkies, Pop-Tarts and doorknob knows what else that are filled with high-fructose corn syrup, “regular” corn syrup, and various corn-derived gums, fillers and binders, just got a little more expensive.

This would be the IDEAL time to end the economic embargo of Cuba and get some more real sugar in America.

(It would also be the ideal time for about 200 million Americans to stop eating so freaking much junk food.)

But, that’s not all. Since corn-fed beef, pork and chicken fuel our Concentrated Animal Feedlot Operations livestock agriculture, your Big Mac, Whopper or Chick-fil-A sandwich is going to get more and more expensive too.

(That said, it would also be the ideal time for about 200 million Americans to stop eating so much fast food.)