“Tumbling yields will combine with the greatest-ever global demand to leave U.S. stockpiles on Sept. 1, 2013, at 1.216 billion bushels (30.89 million metric tons), according to the average of 31 analyst estimates compiled by Bloomberg. That’s 35 percent below the U.S. Department of Agriculture’s June 12 forecast, implying the biggest reduction since at least 1973. The USDA updates its harvest and inventory estimates July 11.”
Plus the same article also pointed out that “Prices surged 37 percent in three weeks…”
http://www.businessweek.com/news/2012-07-08/u-dot-s-dot-corn-growers-farming-in-hell-as-heat-spreads-commodities
Prices just rose on the Commodities Market because of the drought.
http://seekingalpha.com/article/707971-midwest-drought-sends-grain-prices-soaring-and-a-look-at-other-commodities
What does this say for my home?
It tells me that I need to think about building up my food storage. This is the year I am doing a major shake out in the home. Looking at my short-term and long-term food storage is part of the goals we have as a home.You might do the same because next year the prices of food will be even higher. Judy
