Our Terms of Use and Privacy Policy have changed. We think you'll like them better this way.

Buckshot Survival hour

  • Broadcast in Politics Conservative
  • 0 comments
Buckshot59

Buckshot59

×  

Follow This Show

If you liked this show, you should follow Buckshot59.

Call in to speak with the host

h:113871
s:1478649
archived
An era of cheap food may be drawing to a close Reuters poll: Higher grain prices will persist, spurring more global unrest http://www.msnbc.msn.com/id/41311106/ns/business-retail The forecasts suggest no quick relief for nations bedeviled by record high food costs that have stoked civil unrest. It means any extreme weather event in a grains-producing part of the world could send prices soaring further. The expectations may also strengthen importers' resolve to build bigger inventories after a year in which stocks of corn and soybeans in the United States -- the world's top exporter -- dwindled to their lowest level in decades. "Even if we have a good year, we are not going to have the inventories we've seen before. I really do think the time of cheap food prices is over, and that's just it," said analyst Chris Mann of Traders Group Inc in Chicago. "Everything is set to the point where supply equals demand right now. But if you pull one thing out of it, or if you disrupt the equation in some little way or tweak it, I think, with inventories as tight as they are, it will really have an impact on prices. A drought, a flood, anything," said Mann.

Comments

 comments