Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Friday, September 28, 2007

Historic Surge in Grain Prices

From the Wall Street Journal (subscription required) ...

Historic Surge In Grain Prices Roils Markets

Rising prices and surging demand for the crops that supply half of the world's calories are producing the biggest changes in global food markets in 30 years, altering the economic landscape for everyone from consumers and farmers to corporate giants and the world's poor.

"The days of cheap grain are gone," says Dan Basse, president of AgResource Co., a Chicago commodity forecasting concern.

XX Note -- I'm busy getting out some recommendation issues for Red-Hot Canadian Small-Caps and Red-Hot Resources this morning, so further updates on this blog will have to wait until after I get that done.
Check out my new gold and energy blog at