“Facing overstuffed silos and forecasts for another huge harvest this year, U.S. farmers are trying to find new uses for their corn and soybeans.
Robust demand for processed foods, animal feed and biofuels isn’t keeping up with a record glut of crops in the U.S. and around the world, after several years of bumper harvests and largely benevolent weather. To sell the surplus, farmers and trade groups are wooing new customers, from car makers to toy companies.
In recent years, corn and soybeans have been added to the recipes for Ford Motor Co. seat cushions, IKEA mattresses, Danone SA’s yogurt cups and Procter & Gamble Co.’s Olay moisturizers. Adidas AG’s Reebok brand recently unveiled sneakers made with corn. Lego A/S earlier this year said it was toying with using grain-based materials to mold its famous bricks.”
Read the full article at: “WSJ.com“