All Posts Tagged With: "corn"
GM Foods More Appetizing as Prices Skyrocket
For more than a decade, European policymakers have spurned genetically modified crops, but these so-called Frankenfoods are beginning to look more and more appetizing in the wake of food shortages and soaring prices.
Only 21% of Europeans are willing to eat genetically engineered food, according to a survey by the European Commission.
Some nations, such as France, have banned the planting of genetically modified crops, while others like Germany have enacted laws that allowed foods to be labeled as “GM free.”
A Strange New Way to Invest
Biotech is no longer just a drugs game.
Soon You’ll Pay Even More for Food
Some of the most dramatic photographs in the world this week were of downtown Cedar Rapids, Iowa. On Friday, an estimated 100 blocks of the city were underwater. Heavy rainfall across the Midwest has produced nine rivers in Iowa above flood stage.
Midwest Flooding Pushes Corn to New Record
Flooding in the Midwest and fears of crop damage caused corn prices to climb in Chicago for the eighth consecutive day — their biggest gain in 11 weeks. Prices are expected to hit $8 a bushel by next week.
“Corn is in trouble because of the wet spring that has drenched the midwest,” says Justice Litle in Taipan Daily.
Yesterday, the USDA said in a report that American corn output will be down significantly from last year’s estimate.
The Other Way to Make a Fortune in ‘Services’
Ritchie Brothers… Transocean… Schlumberger. We’ve spent a lot of ink in DailyWealth showing you “domino effect” plays on the global commodity boom.
US Agriculture Supply and the Coming Election
Really, could the Demos & Repubs have nominated two more energy-illiterate candidates?
Food Crisis: UN Says Output Must Rise 50% by 2030
At a summit in Rome held by the UN’s Food and Agriculture Organization, UN Secretary General Ban Ki-moon said world food output needs to rise 50% by 2030 in order for the growing population to be fed.
“Soaring prices of grains, dairy and meat have been grabbing global headlines,” says Jennifer Yousfi in Money Morning, “but other commodities have been on the rise as well.
What Commodities Bubble?
Although it’s tempting to describe sky-high commodities prices as being the latest ‘bubble’ to hit the markets, for commodities such as crude oil and corn, basic supply and demand may be pushing up prices. This from The Wall Street Journal:
Prices, to be sure, are soaring — crude oil fetched $132.19 a barrel in New York on Friday, up 103% from $64.97 a year earlier. Yet crude has posted similarly massive increases a number of times in the past three decades. Most notably, in the spring of 1980, as gasoline lines lengthened, the price of crude oil was 150% above the year-before level.
UN: Food Prices Won’t Drop for Another 10 Years
Agricultural commodities won’t drop back to pre-crisis levels for at least ten years, according to a report by the OECD and the UN. This from the Financial Times:
Food prices have undergone a paradigm shift and will not drop back to pre-crisis levels for at least the next 10 years, putting long-term pressure on governments facing the food crisis, according to a forthcoming report.
Newer Capitalism is Better Capitalism
Everyone is perfectly happy to let capitalism do its stuff – as long as they like the results. But cometh a correction and all of a sudden the press is full of whining pundits and meddling politicians.
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