Play the Rise in Food Prices through Currencies
With the U.S. experiencing its worst drought in 50 years and Russia its worst in 100 years, food prices has been on the rise.
Mother Nature has been particularly unkind as the lack of rain in the U.S. and Russia and monsoons in Asia wiped out crops around the world. Since May 31 the price of corn surged more than 45% and the price of soybeans is up more than 25%. The U.S. produces 40% of the world's corn crop and its no secret that Americans consume a tremendous amount of corn directly and indirectly in the form of corn syrup. Corn is also used as feed for livestock, which has caused the price of meat to rise and since the U.S. ethanol policy requires fuel companies to mix in 9% of corn-based ethanol into their gasoline, gas prices have also ticked higher. ...335 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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