Food prices dropping

One criticism of corn ethanol is that using our fields to grow fuel will drive up the cost of food. Two years ago when food prices jumped, many were quick to point a finger at the rapidly developing corn ethanol industry. Today, though, the share of the crop dedicated to ethanol continues to climb but US & global production of wheat and corn is also climbing, so the net effect on food prices should be negative. I'm not a fan of corn ethanol but this particular fear seems overblown, at least this year when production is so high.