Often too much rain can be just as harmful to a crop as not enough. And in this case, heavy rain across the country has caused the corn crop to run behind by a few weeks. Some farmers have no choice but to plant later, causing their crop yields to go down…
May 13th, 2008 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "commodity prices"
Americans Are Hoarding Food
Today, the New York Times talks of a “recession diet,” in which shoppers try to switch to cheaper foods. And there is talk of a drought this year, further reducing the supply of available grains.
April 29th, 2008 | Bill Bonner | 3 comments | Continued