Surging wheat and corn prices could hit the items in your grocery basket by mid-summer if planting conditions across the country don't improve.
As global food prices rise near record highs, the World Bank warned Thursday that further spikes could push millions more people deeper into poverty.
Concerned with the recent outbreak of riots over food prices in the African nation of Mozambique, the United Nations Food and Agriculture Organization (FAO) announced Saturday it will hold a special meeting this month to discuss rising wheat prices.
Stocks futures jumped Friday after the August employment report showed that employers cut fewer jobs than economists were expecting and added more private-sector jobs than forecast.
With wheat futures soaring to their highest level in two years, you could soon find yourself paying more for a loaf of bread at the local grocery store.
As Russia reels from the worst drought in nearly 40 years, Prime Minister Vladimir Putin has announced a temporary ban on grain exports.
It's not just stocks suffering the pain of the global financial mayhem. Commodities like corn, coffee and oil are also taking a big hit.
Gold prices fell below $700 an ounce for the first time in 14 months Thursday as investors fearful of a protracted global slowdown unloaded their holdings in the precious metal
Commodities prices tumbled broadly Monday on growing expectations that the financial crisis pummeling world markets will dramatically reduce global demand for energy and raw materials
It's hard to miss: Americans are paying more at the supermarket checkout these days.
Who needs Google and Apple? Agriculture companies are the new "it" stocks.
The flooding in Iowa over the last week has been a tremendous human tragedy for many in the Hawkeye state.
You might assume the commodities boom has been an unalloyed good for Bunge, a nearly 200-year-old agriculture-industry titan with $38 billion in sales. The company, whose name is pronounced with a hard 'g' (BUNG-ee), is relatively unknown but has long been among the world's largest soybean crushers and a giant producer of fertilizer. Think of it as a sort of Archer Daniels Midland without the ubiquitous public TV advertisements.
President Bush asks Congress for 770 million dollars to help ease the global food crisis. CNN's Zain Verjee reports.
Retail chain Sam's Club will limit the sale of large quantities of rice amid a dramatic increase in the global price of rice.
Farmers are expected to plant less corn this year, which could mean higher continuing higher costs for consumers at the grocery store
President Bush said the United States should "get off oil" Wednesday as crude prices hit record highs and renewed his support for ethanol use despite concerns the corn-based fuel is driving up food prices and isn't more environmentally friendly than gasoline.
Fortune: The ethanol bustupdated: Thu Feb 28 2008 11:06:00
Cargill announces it's scrapping plans for a $200 million ethanol plant near Topeka, Kan. A judge approves the bankruptcy sale of an unfinished ethanol plant in Canton, Ill.. And that was just Tuesday.
Running a bakery is never easy, but lately it's been especially tough. In less than a year, Michael Kalupa of Kalupa's Bakery in Tampa, Fla., has seen the cost of bread flour increase 40 percent, while the milk solid he uses in nearly every product he makes has doubled in price, from $50 a bag six months ago to around $100 a bag today.
If a recently passed House bill mandating a 7-fold increase in biofuels becomes law, there's little doubt food prices will rise.
CNN's Mallika Kapur reports on the impact of high wheat prices which have doubled worldwide in the past two years.
Something unusual is going on in the pasta section of the largest supermarket in Parma, Italy, these days. All the pasta is still there, stacked on both sides of a tennis-court-length aisle in the center of the store. The dizzying choice, too, is the same as in many Italian supermarkets: dozens of shapes, sizes, and colors, ranging from banal penne and rigatoni to lumachine, shaped like tiny snail shells.
E.coli outbreak
updated: Fri Oct 12 2007 10:01:00
An Indiana community is searching for the source of an E.coli outbreak that has left 10 children sick.
Gold rose on Friday to the highest level since 1980 as the U.S. dollar scavenged new lows against the euro and oil prices held over $80 a barrel.
Get ready: It may still be a fairly new industry, but there's probably a big shakeout brewing in the fast-growing ethanol business.
Friday's closely watched U.S. Department of Agriculture crop report could serve as a gloomy bellwether for the nation's ethanol industry.
Add wheat to the list of food sources whose price could break into stratospheric levels.
Corn prices have taken a tumble over the last month, but that doesn't mean that the cost of milk, beef and other food products will drop as quickly as they rose.
Two big investment banks sent mixed signals about the profitability of ethanol Wednesday, with one citing potential for solid demand growth and easing corn prices, but the other less convinced.
The boom in prices for corn, milk, beef and other food products is only getting louder.
What's left behind from the ethanol-making process could be what saves the livestock industry from the high price of corn.
The corn market figures to be as unpredictable as, well, the weather over the next month or so.
CNNMoney: Friday's moversupdated: Fri Mar 30 2007 10:15:00
Here are some of the stocks actively trading on Friday:
CNNMoney: Scarecrows' delightupdated: Fri Mar 30 2007 08:44:00
Fueled by surging ethanol production, U.S. farmers are set to plant more corn in 2007 than in the last 63 years.
Drive down the empty back roads that lead to Gerald Tumbleson's Martin County, Minn., farmhouse, and you'd never know you were riding through one of America's newest boomtowns. It's February, and Tumbleson's cornfields lie fallow under a foot of windswept snow. Tractors sit idle as local farmers await a thaw that won't come for weeks. The clearest evidence of life is the manure stench drifting from Tumbleson's pig barn.
Surging corn prices and a tough winter combined to make for leaner cows and pigs for livestock farmers - something that probably points to rising prices for beef and pork, according to experts.
It's no secret that the rush to ethanol and other alternative fuels has made corn the rock star of the Farm Belt.
A spike in the price of tortillas, the corn-based staple of Mexico, has become the first major test of President Felipe Calderón's administration. The 100 percent rise since June, to 90 cents a kil...
Ever since President Bush proposed a four-fold increase in "alternative fuels" during this year's State of the Union address, the media has been abuzz with doomsday reports on what this will do to the price of corn.
A domestic shortage has pushed soybean prices above $10 a bushel, twice the level of just seven months ago, and the effects already are being felt among food producers and at grocery-store cash registers, Tuesday's Wall Street Journal reported.
At the Minneapolis Grain Exchange on Sept. 9, in a crowded, octagonal trading pit that is just slightly larger than a very big Jacuzzi, the price of the December contract of hard red spring wheat h...
Raw-materials costs are up because of the drought. Bad earnings news lies ahead. Just the time to shun the stock of food processor Archer Daniels / Midland, right? Don't you believe it, say most of...
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