For seven years, the Doha Development Round has been the staging ground for the World Trade Organization’s push for liberalizing global agricultural trade, but if this week’s round of discussion in Geneva, Switzerland is any indication, a global trade deal is nothing more than a pipe dream.

Icahn’s Yahoo Victory; XM Gains Listeners; Gloomy Economic Outlook; Crude Gains on Tropical/Political Storms; Hasbro Beats Expectations; Corn Cut Down; Goldman Banker Summoned by Paulson; Union Asks Citi to Break Up Operations

It’s a difficult number to get your head around. But there you go. The amount of dollar bills floating around rose by $6.3 billion last week alone.

What’s the end result of the Fed creating more money and more credit? A massive drop in the U.S. dollar’s buying power, says The Mogambo Guru.

It makes him want to vomit and scream at the same time.

Inflation in the money supply leads to inflation in prices of other things – things like food and oil. Put your money in gold before it’s too late.

High grain prices aren’t just hurting hog farmers, they’re damaging ethanol producers too.

If prices causes ethanol plants in the Midwest to close, it could flood the market with unused corn, says Tom Dyson. Expect to see a big fall in corn prices in the near future…

Even without ethanol plants closing corn prices are already starting to fall…

“It’s always darkest just before it goes pitch-black.” That’s the kind of humor you’ll find on Despair.com, a purveyor of antimotivational posters.Right now, despair is what they’re feeling on Sand Hill Road, the iconic road in Menlo Park, California, where the world’s top venture capital firms are clustered.

If you haven’t eaten there, Chipotle makes amazing burritos. The trouble is, with the price of food going up, the cost to make those burritos has been rising, too. And Chipotle hasn’t been able to pass on those cost increases to customers due to the slowing economy.

Corn prices could hit $10 a bushel this year, reports MarketWatch.

According to the report: “A large loss of acreage could slash U.S. corn production and push next season’s year-end stocks to the lowest level since just after World War II, some analysts said.” If bad weather continues in July and August, corn prices could rise to $10 a bushel, said Shawn Hackett, president of agriculture futures brokerage Hackett Financial Advisors.”

On Thursday, Jennifer Yousfi told Money Morning readers three ways to profit from record meat and dairy prices — both of which are closely connected to the price of corn.

Editor’s Note: McDonald’s (NYSE:MCD) is the cheapest place to eat in the US right now.And 12% Letter editor Tom Dyson says it’s going to get more and more business as the recession puts expensive restaurants out of reach. But are prices going to stay low as McDonalds’ transport and food production costs rise? Only time will tell.

This week I want to share with you one of the more important tools in my arsenal for keeping up with what is going on in the world. As I’ve told you before, George Friedman and his team at Stratfor are my go-to guys for geopolitical intelligence. Their insights into this facet of the world are simply without peer.

Commodity prices have been going through the roof for years, thanks to a scarcity of supplies and ever-surging global demand.