The problem with this is that it can only increase corn prices worldwide which means many more poor people worldwide might starve unless they have other grains to replace corn with.
http://www.reuters.com/article/idUSTRE70B1BL20110112
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World grain markets have been surging on bad weather and rising demand. With this backdrop, governments around the world are increasingly worried about food inflation after the UN Food and Agriculture Organization recently said international food prices have topped the previous record set in 2008.
Forecasts for year-end inventories of U.S. corn -- used to make food, feed and fuel -- were expected to fall nearly 8 percent to 10.1 billion bushels, the lowest level in a decade and a half, according to analysts' estimates. end quote.
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