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Food Hyperinflation Is About to Hit the United States
The commodities shown above from CNNMoney.com shows the impact of the drought on the price of corn, soybeans and wheat. All three surpassed 52 week highs today (July 18, 2012). Couple this with the...
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World braced for new food crisis
The world is facing a new food crisis as the worst US drought in more than 50 years pushes agricultural commodity prices to record highs. Corn and soyabean prices surged to record highs on Thursday,...
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US buyers turn to Brazil for cheap corn
The US is turning to Brazil for help with corn supplies as low stocks and the worst drought in half a century haunt the world’s leading grain exporter. Meat companies including top pork producer...
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Corn prices hit record as crops shrivel
Corn prices surged to a new record high Monday, as the worst drought in more than 50 years continues to plague more than half the country. Almost 90% of the United States’ corn crops are in drought...
View ArticleCORN: NEW ALL-TIME HIGHS – ANN BARNHARDT
POSTED BY ANN BARNHARDT – JULY 30, AD 2012 Corn is now trading at new forever-and-ever all-time highs. This is significant. There is a massive seasonal pressure in the corn market that exerts itself at...
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Gas Prices: We Are Being Played by the Government
See additional comments on Tea Party Nation. As gas prices rise and demand decreases due to economic conditions, the following excerpts show how energy and food are being used by the government to...
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Got Food?
The chart above (courtesy of CNNMoney.com) shows the effect of the drought across the United States today. The average price increase for the above commodities was 2.28%. This translates into an...
View ArticleUS Midwest flooding delays corn planting
Heavy rainstorms the week of April 14 in the U.S. Midwest caused flooding as far south as Tennessee and have delayed the planting of corn crops, according to reports. Storms on April 17–18 in the...
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