My old friend Keith Nunes, writing his column for Food Business News, hoisted his keyboard trumpet and played Taps for the 'science' of food. He wrote "Taco Bell, a Yum! Brands business unit, plans to remove all artificial flavors and colors from its food and replace them with alternatives perceived as natural by the end of 2015. The company also has set a goal of 2017 to remove all artificial preservatives and additives."
Financial markets depressed commodity markets Tuesday. Renewed concerns about European Monetary Union and the euro have resurged this week, thereby spurring big U.S. dollar gains and sending stock indexes lower. Both of those reactions are seen as negative for commodity demand, which was probably a big reason corn futures fell today. The outsized wheat breakdown apparently weighed on corn as well. July corn futures settled 5.0 cents lower at $3.55/bushel Tuesday, while December lost 4.5 to $3.7325.
Financial markets are undercutting commodities. Renewed concerns about European Monetary Union and the euro have surged again this week, thereby spurring big U.S. dollar gains and sending stock indexes lower.