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Commodities boom

Bad weather threatens US maize harvest

By Alan Beattie in Washington

Published: May 5 2008 17:46 | Last updated: May 5 2008 17:46

Bad weather is threatening a big shortfall in this year’s US maize harvest, according to US officials, risking a further upward push to food and energy prices.

Maize is the main feedstock for US ethanol. A further rapid rise in its price is likely to add to growing concern on Capitol Hill that federal biofuel subsidies are worsening the food crisis.

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