Tag Archives: Soybeans

Got Food?

Posted on August 21, 2012 by DRenegade

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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Corn prices hit record as crops shrivel

Posted on July 30, 2012 by DRenegade

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 ravaged areas, according … Continue reading →

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Food Hyperinflation Is About to Hit the United States

Posted on July 18, 2012 by DRenegade

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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