Trump wants cane sugar in Coke, but corn group warns that'll slash jobs

President Trump's push to switch the sweetener in Coke to cane sugar could cost thousands of U.S. jobs, an influential corn industry group said.Why it matters: A can of soda just became a minor political crisis, adding to a White House pile that includes the Jeffrey Epstein controversy, drama at the Federal Reserve, and a near-boiling trade war. Catch up quick: Trump, in a Truth Social post Wednesday night, said Coca-Cola Co. had agreed to use real cane sugar in its products, which he added was "just better!"The company later issued a statement that did not confirm it was switching its entire Coke product line to cane sugar, saying only it would have "more details on new innovative offerings" soon. Yes, but: That was enough for the Corn Refiners Association to warn Wednesday of huge consequences."Replacing high fructose corn syrup with cane sugar would cost thousands of American food manufacturing jobs, depress farm income, and boost imports of foreign sugar, all with no nutritional benefit," the group's president and CEO, John Bode, said in a statement on its website.Bode's group is the trade association representing companies that make sweeteners, oils and other products from corn. The intrigue: If Coke really did shift entirely to cane sugar from high fructose corn syrup, it could represent an economic hit to Iowa (the country's largest corn producer), while serving as a boon to Florida (the top cane sugar producer). It would also weigh heavily on the corn industry.By the numbers: Shares in Archer Daniels Midland, a leading corn processor, fell almost 6% in pre-market trading Thursday, a potential hit to investors of around $1.5 billion. Shares in Ingredion, another major corn refiner, were down almost 7% pre-market.The bottom line: Coke's product roadmap was always of high interest to farmers and investors.Now, it'll be near the top of the D.C. agenda, too.

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