Our Awful Situation
Corn hits record, soy rallies as floods expand
Food inflation will continue to skyrocket due to oil prices and flooding in the midwest:
Corn prices soared to record highs on Thursday as flooding damaged crop prospects in the U.S. Midwest, heightening concern over shrinking stocks and fueling the market’s relentless advance.
Torrential rains have swept across the Midwest, the key growing region in the world’s top producer, resulting in floods which have destroyed homes, as well as thousands of acres of corn and soybeans.
“It’s the worst in recent memory, at a time when demand has never been higher,” said Gavin Maguire, analyst with Iowa Grain in Chicago.
“We have lower (corn) acres to begin with, and now we have to expect a lower yield because of the bad growing season. So it all spells tighter corn supplies down the road,” he said.
Comments
{ 
}
}
Search
Recent Posts
- Are feds stockpiling survival food?
- President Bush pardons himself against potential war crimes
- Terminator: Governor plans to slash state workers' pay
- World warned over killer flu pandemic
- Emerging Killer Virus Starts Like a Cold, But Kills Many
- Ex-cop may be charged in case of man Tasered to death
- THE RELIGIOUS RIGHT IS AWOL FROM THE REAL WAR
- What is the most biased new outlet in America?
- Russian military "considering stationing bombers on Cuba"
- Pope blesses U.N. flag, calls for "binding international rules"
- Quotes from the great depression
- Top 25 things vanishing from America: #1 -- The family farm
- Wachovia Has $8.9B Loss, Cuts 6,350 Jobs, Dividend
- How Goldman Sachs took over the world
- Economist: “America May Default On Its Debt”
- Sucker's Rally? Stock Gains Likely to Be Short-Lived
- What if my bank fails? Some questions and answers
- An Uncomfortable Conversation about Nukes
- Terrorist Watch List Hits One Million Names
- Local currency in Massachusetts considering removing dollar peg, backing with commodities
Sites of Interest
- Survival Blog
- Drudge Report
- Cryptogon
- Lew Rockwell Blog
- World Affairs Brief
- New World Order Truth
- Pat Buchanan Blog
- Glenn Greenwald Blog
- Ron Paul
Archives
- July 2008 (62)
- June 2008 (78)
- May 2008 (119)
- April 2008 (175)
- March 2008 (38)
Categories
- 2012 (1)
- 9/11 (11)
- Abuse (1)
- Afghanistan (11)
- Africa (1)
- Agriculture (7)
- Airport (2)
- Al Gore (6)
- Al Qaeda (1)
- Alan Greenspan (3)
- Anthrax (1)
- Associated Press (1)
- Attorney General (2)
- Banking (20)
- Bankruptcy (3)
- Barack Obama (4)
- BBC (2)
- Ben Bernanke (2)
- Bible (1)
- Bill Clinton (2)
- Biofuel (1)
- Black Ops (2)
- Blackwater USA (1)
- Blogging (1)
- Border (4)
- Budget (7)
- Calendar (1)
- Canada (3)
- China (21)
- Christianity (3)
- CIA (8)
- Civil Rights (10)
- College (1)
- Communism (1)
- Congress (10)
- Conspiracy (23)
- Constitution (7)
- Constitutional Rights (17)
- Corruption (16)
- CPS (3)
- Crazy Billionaires (1)
- Credit Crisis (2)
- Crime (2)
- Depression (8)
- Divorce (1)
- Documentaries (1)
- Dollar (11)
- Economic Depression (26)
- Economy (79)
- Election (6)
- Elitist Punks (7)
- Employment (3)
- Enemy Combatant (2)
- Energy (1)
- Environment (4)
- Espionage (2)
- European Union (2)
- Family (1)
- Famine (4)
- Fascism (5)
- Faux News (1)
- FBI (1)
- Federal Reserve (25)
- FHA (2)
- Fingerprint (1)
- FISA (3)
- FLDS (2)
- Food (15)
- Food Supply (27)
- Foreclosure (10)
- Foreign Policy (6)
- Founding Fathers (2)
- Fraud (3)
- Freedom (4)
- Gasoline (7)
- George Bush (16)
- Gitmo (3)
- Global Warming (20)
- Gold (3)
- Google (1)
- Government (13)
- Guantanamo (3)
- Guns (2)
- Health (6)
- Health Care (3)
- Hillary Clinton (6)
- History (3)
- Homeland Insecurity (7)
- Homosexuality (5)
- Hospital (2)
- Housing Crisis (25)
- HUD (3)
- Illegal Immigration (2)
- IMF (2)
- India (2)
- Inflation (11)
- Insurance (3)
- Internet (1)
- Intrusive Technology (4)
- Iran (32)
- Iraq (21)
- Israel (6)
- John McCain (17)
- Journalism (1)
- Last Days (4)
- Legislation (1)
- Marriage (3)
- Martial Law (2)
- Medicine (2)
- Mexico (5)
- Michael Mukasey (1)
- Middle East (6)
- Military (35)
- Missile Defense (1)
- Money (4)
- Mortgages (9)
- Natural disaster (1)
- Natural Disasters (6)
- Neocon (3)
- New York City (3)
- New York Times (4)
- News (1)
- North Korea (1)
- Nuclear (6)
- NWO (6)
- Obama (3)
- Oil (23)
- Olympics (4)
- OPEC (2)
- Our Awful Situation (10)
- Outbreak (2)
- Pakistan (1)
- Pandemic (3)
- Patriot Act (1)
- Pentagon (2)
- Piracy (1)
- Police (6)
- Police State (12)
- Polygamy (4)
- Population Control (1)
- Pork Barrel Spending (5)
- Poverty (3)
- Powers That Be (PTB) (5)
- Preparedness (4)
- President (4)
- Presidential Race (4)
- Prison (3)
- Privacy Rights (12)
- Propaganda (6)
- Prophecy (2)
- Putin (4)
- Rape (1)
- Real Estate (4)
- Real ID Act (1)
- Recession (10)
- Religion (10)
- Republican Party (1)
- Revolution (4)
- RFID (1)
- Rice (1)
- Ron Paul (4)
- Rothschilds (1)
- Rupert Murdoch (1)
- Russia (10)
- Same-sex Marriage (1)
- Science (1)
- Second Amendment (1)
- Security (6)
- Socialism (2)
- South Korea (1)
- Stock Market (11)
- Strikes (1)
- Suicide (1)
- Supreme Court (2)
- Surveillance (14)
- Survival (5)
- Terrorism (24)
- Tibet (2)
- Torture (4)
- Trade (3)
- TSA (1)
- UFO (1)
- UK (3)
- Uncategorized (9)
- Unemployment (3)
- United Nations (4)
- Venezuela (2)
- Voting (2)
- Wall Street (4)
- War (41)
- War on Drugs (4)
- Waterboarding (1)
- Weather (1)
- Welfare (1)
- WMD (1)
- Zimbabwe (4)
