YUUUUUGE!!! So this is how we can end it.
2 hours ago
INCOHERENT RAMBLINGS FROM THE WILDS OF FRANKLIN COUNTY MISSOURI
"Corn and soybean prices skyrocketed after the government lowered this year’s production forecasts. As demand for already tight supplies for both crops grows, coupled with greater global demand, one international organization has warned of possible “social an political instability.”
Corn and soybeans rose about 4 percent Wednesday to the highest they’ve been since July 2008. Analysts expect the gains to continue to until there is a clearer picture of how global crops for both will fare this year.
There also is speculation that the price gains will translate into higher food costs for consumers and raw materials costs for businesses, such as livestock owners and ethanol producers...
...That concern is not just unique to the U.S. A report from The World Economic Forum released this week cited rising demand for water, food, and energy as a risk facing the world, reports the WSJ.
A growing global population and greater prosperity “are putting unsustainable pressures on resources,” the report said. It also raised the issue of shortages, which could “cause social and political instability, geopolitical conflict, and irreparable environmental damage.”
The Blaze
"Fears of a global food crisis swept the world’s commodity markets as prices for staples such as corn, rice and wheat spiralled after the US government warned of “dramatically” lower supplies.
An especially hot summer in the US, droughts in countries including Russia and Brazil and heavy rain in Canada and Europe have hit many grain and oilseed crops this year. This has raising concern of a severe squeeze in food supplies and a repeat of the 2007-08 food crisis.
The US Department of Agriculture, in a closely watched report, predicted that the country’s stocks of corn would halve to their lowest levels in 14 years.
It warned of a “much tighter supply picture” for corn and barley, the two main feedstocks used to fatten cows, sheep, pigs and poultry."
Financial Times
I am the Lord your God; you shall not have strange gods before me.
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Honor your father and your mother.
You shall not commit adultery.
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