Tag Archives: Wheat

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 inflation rate of 600% if we do not include … Continue reading

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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, surpassing the peaks of the 2007-08 … Continue reading

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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 price of gasoline once crude oil … Continue reading

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