who is profiting from the high price of commodities? Monsanto.

Global commodity prices hit record highs this year. You might think rural America would get some benefit from higher prices for their crops, a respite from years of commodity prices far below a farmer's cost of production, but think again. Agribusiness companies know how to grab their share and more of that extra revenue -- raise prices. Monsanto is bragging to its shareholders that it's going to raise prices of its corn seed 35%. As they control a huge amount of the corn seed market, here and around the world, they can do what they want with corn seed prices.

Read this story from the Organization for Competitive Markets to see how the 35% price increase -- or about $100 a bag -- will fatten Monsanto's bottom line. Clearly genetic engineering isn't about feeding people, it's about feeding your stock price.