Some bad news for crop yields and commodity prices:

http://www.bloomberg.com/news/2011-05-05/france-s-second-hottest-april-in-century-desiccates-farm-fields.html

http://www.bloomberg.com/news/2011-05-05/food-prices-approach-record-high-as-grain-prices-fuel-inflation-worldwide.html

Oil and food prices go hand-in-glove, and when coupled with decreasing crop yields we are facing what Lester Brown calls The Great Food Crisis of 2011.

 

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