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Global Food Reserves Falling as Drought Wilts Crops


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08/15/2012 04:16 PM
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Global Food Reserves Falling as Drought Wilts Crops
Expect food prices to soar...

"Wheat gained 42 percent to $9.27 a bushel this year on the Chicago Board of Trade, soybeans appreciated 35 percent to $16.3125 a bushel, and corn rose 27 percent to $8.2375 a bushel, after today touching a record $8.2975. They were the biggest advances in the Standard & Poor’s GSCI Spot Index of 24 raw materials, which increased 2.6 percent in 2012."

Link: [link to www.bloomberg.com]


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