The price of oil certainly has a lot to do with the price of grain. Farming is an energy intensive business. Tractors, harvesters, etc run on diesel and gas. Fertilizer is manufactured from oil. Transport of product to market takes fuel. $100 a barrel oil and up won't be helping the price any!
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Bread & Oil
Submitted by Kelja on November 9, 2007 - 08:31.
The price of oil certainly has a lot to do with the price of grain. Farming is an energy intensive business. Tractors, harvesters, etc run on diesel and gas. Fertilizer is manufactured from oil. Transport of product to market takes fuel. $100 a barrel oil and up won't be helping the price any!