Wall Street Grain Hoarding Brings Farmers, Consumers Near Ruin

Posted by on April 28th, 2008 at 03:51pm

Finance, Economy-Business News, Stock Market wrote an interesting post today on
Here’s a quick excerpt
Photo courtesy of StormyDog As farmers confront mounting costs and riots erupt from Haiti to Egypt over food, farmers pay the price for Wall Street’s speculation in grain markets. “It’s the best of times for somebody speculating on grain prices, but it’s not the best of times for farmers. The demand for futures exceeds the demand for cash grains.” Commodity investors control more U.S. crops than ever before, competing with governments and consumers for dwindling food supplies. Demand is rising

Read the rest of this great post here

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