Magnets can attract your cereal – How is this possible?

magnet-attract-cereal

Omar Kardoudi / Via sploid.gizmodo.com

I know most of the food we eat contains iron to some extent. And I also know that iron is vital to keep us going. But watching this awesome science experiment where corn flakes get attracted to a magnet creeps me out a little. This is why it happens:

Source: http://sploid.gizmodo.com/