from care2.com.....
"Some agricultural experts are now predicting that Texas will lose two thirds of this year's wheat crop to drought and fire. And Texas is not the only U.S. state suffering from widespread crop damage this spring; Kansas and Oklahoma are also dealing with serious drought conditions, while Iowa and Minnesota are facing predictions of major floods.
Speculation that U.S. grain production will be unusually low this year drove wheat prices to a two-month high on Tuesday, which may have been good news for certain commodities speculators, but was bad news for pretty much everyone else on the planet.
Food prices worldwide have already been on the climb for several months, alarming international agencies that track the global economy. The World Bank recently reported that prices of basic food staples have risen 36%globally over last year"..........read more here
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