Food price worry as US corn, soybeans in worst state since 1988

Agricultural , Commodities , Corn , Food , Soybaens Jul 11, 2012 No Comments

FoodU.S. corn and soybean crops, the world’s largest, are in the worst condition since the last major drought in America’s breadbasket in 1988, the government said on Monday, pushing up grain prices and raising the prospect of global food-price inflation.

Corn and soybean prices soared at the Chicago Board of Trade, based on forecasts that thirsty crops will get no relief for at least another week, although a record-shattering heatwave abated over the weekend in the eastern half of the country.

via Food price worry as US corn, soybeans in worst state since 1988 – Reuters.

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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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