Corn Prices Raise Worry Over Expensive Food – NYTimes.com

Agricultural , Commodities Oct 13, 2010 No Comments

First it was heat and drought in Russia. Then it was heat and too much rain in parts of the American Corn Belt. Extreme weather this year has sent grain prices soaring, jolting commodities markets and setting off fears of tight supplies that could eventually hit consumers’ wallets.

A wild card in the export market is China, which has not historically been a significant buyer of American corn. China surprised experts when it made some purchases earlier this year, but it is not clear if it will be a major buyer of the current crop.

via Corn Prices Raise Worry Over Expensive Food – NYTimes.com.

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Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.

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