When will food prices fall?

This is the question two ethanol industry associations, the Renewable Fuels Association (RFA) and Growth Energy, are asking. A new report by RFA cites that while corn prices have fallen nearly in half since it's peak in June, ethanol production continues to increase. Therefore, RFA is calling into question earlier claims that ethanol was the primary factor in the rising price of corn and food. Growth Energy, a new ethanol industry association, has written a similar policy brief asking that if earlier claims were true, when will food prices drop, now that commodities are selling at half the price. The RFA report can be found here. The Growth Energy report can be found here.