25 July 2012

COMMODITIES / USA / EUROPE : Drought Drives Grain Prices...Higher.


     For those fascinated by commodity prices and weather forecasts...here's an overview on the recent droughts and the effect on crop production in Europe and the USA.
     The USA and Europe may have to import corn and wheat...as local production sags from the withering heat...and prices soar.
     But import...from where?
     Just announced...Brasil will sell corn to USA giant pork producer Smithfield.