Corn prices drop, but Big Food is Krafty on profits

Nebraska corn growers bring up a very good point.

Nebraska corn producers have seen the value of their corn drop dramatically over the past month, and that begs the question as to whether consumers will see a corresponding drop in their grocery bill, since grocery manufacturers have argued that higher corn was behind their rising prices.

The state corn board also points out that Kraft’s profits are up significantly this quarter, compared to a year ago, due to higher prices that more than offset rising costs.