Water inundating heartland expected to drive food, oil prices still higher
(NEWSER) - The floods inundating the Midwest are pushing grain prices to new highs, the Wall Street Journal reports. Corn prices jumped 10% to a record high last week as farmland flooded. The domino effects will hit the ethanol industry, hog farmers, and even owners of catfish ponds who rely on corn to feed the fish. Food prices are now forecast to keep climbing for years. More»
