All Posts Tagged With: "Food Prices"
Grain Spike Crushes Corn Flake King
The US dollar isn’t the only thing shrinking these days. After struggling for months to keep margins up in the face of skyrocketing grain prices, Michigan cereal giant Kellogg Co (K:NYSE) has decided not to raise prices (again) for several popular brands.
Scorched Earth Economy
Here at Casey Research we have been on the record as bearish on the outlook for the economy for some years now. Lest you think that is loose boasting, I can offer proof in Doug Casey’s August 2005 article, the dramatically titled “Profiting from the End of Western Civilization”.
Time to Jump In to GM Foods?
Midwest floods might not push up corn prices as much as was feared, according to a report released by the US Department of Agriculture on the damage to crops caused by recent Midwest flooding.
According to the report, US farmers will harvest almost 9% less corn this year than last. Offsetting the flood damage is the more than 1 million additional acres of corn planted in March.
Corn futures, which were about $7.60 last week, dropped to about $7.25 yesterday on the Chicago Board of Trade.
Hoarding Nations Drive Prices Higher
Editors Note: At least 29 countries have limited food exports in recent months, according to The New York Times, pushing already record food prices around the world even higher. Could it be time to consider investing in genetically-modified foods?
When it comes to rice, India, Vietnam, China and 11 other countries have limited or banned exports. Fifteen countries, including Pakistan and Bolivia, have capped or halted wheat exports. More than a dozen have limited corn exports. Kazakhstan has restricted exports of sunflower seeds.
The restrictions are making it harder for impoverished importing countries to afford the food they need. The export limits are forcing some of the most vulnerable people, those who rely on relief agencies, to go hungry.
Report from the Editorial Meeting
Six times a year, the Agora Financial editors converge from all over the world on Baltimore to exchange ideas about the state of the world and what it means for your investments. Much of the discussion yesterday was frankly grim.
A Dubious Housing Forecast
Nothing much important happened over the weekend. G8 finance ministers in Japan talked up the U.S. dollar. But they didn’t agree that anything like an intervention was necessary.
Home Foreclosures Continue to Soar Delaying U.S. Economic Recovery
There’s more bad news ahead for the U.S. economy as home foreclosures continue to rise. One out of every 483 U.S. households is at some stage of the foreclosure process, and with that many displaced or struggling homeowners, the economic recovery may well take longer than expected.
Investors Will Watch as Inflation Dominates the Spotlight This Week
Investors better keep an eye on bonds this week.While the stock market may be more fun to follow, fixed income is often a stronger gauge of investor expectations of the economy, future U.S. Federal Reserve policy, and inflation.
Is the Fed to Blame for Chinese Inflation?
Last year, China was viewed as the driver behind rising commodities prices.
Now the blame for spiraling food and oil prices is increasingly being laid at the door of Fed Chairman Ben Bernanke for cutting the fed funds rate to 2% and unleashing yet another wave of inflationary surplus liquidity.
The fallout is now being seen as India, China, the Philippines and Indonesia hike their own interest rates to rein in rising prices.
Consumer prices jumped 7.7% last month, down from 8.5% in April, but inflation there remains top of the list of economic concerns.
Whip Inflation Now
Whip Inflation Now…Where Can We Get Help on Inflation?…The Patient Died Anyway…Inflation in Asia and Europe…There Are No Good Solutions
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