Did you see the news last week of large protest in Mexico last week over the price of tortilla's in mexico, a combination of econmoic reform, nafta and a huge price rise for corn for biofuel in the states has made the price of this staple go sky high, and they were out the streets protesting this.
I thought this might be problem in a few years time but not already, now you could say well food should take priority but cash is cash.
Traditionally, Mexico has bought U.S. yellow corn for feed for its cattle business and for the start up of its own ethanol programs while it grows mostly white corn for its human consumption. Now, however, since the price for yellow corn is rising fast, more Mexican lands are being put into yellow production and less into white and that has spiked, at least for now, the price of white corn.
although there rumours that the mexico corn industry were hoarding the corn to raise prices.
http://www.humanevents.com/article.php?id=19346http://article.nationalreview.com/?q=ZmNlNjI3MTk0MmQ4ZTNkMzBkODNjODJjYTAxN2UwNjU=