Wheat rises to a record $9 a bushel.

[roamer65]

Source: Bloomberg

Bread for the masses is about to get a lot more expensive.

Read more: http://www.bloomberg.com/apps/news?pid=20601087&sid=a9Sx0dNOkyZs&refer=home

[inanna]

1. My daughter was watching a news report....

on this about a week ago. She told me bread prices were going to rise. I think this is important.

Recommended.

[CHIMO]

2. This Is A Big One

I believe it is over a hundred year high.

But we gotta have gas for our vehicles. Meat and every other food will rise on this basic food.

[Lone_Star_Dem]

3. This is bad news for all of us

As if the prices of everything else hasn't already raised enough.

[jedr]

4. when you're complaining about the farmer;

Don't do it with your mouth full.....the other side of that coin is that farmers haven't made money in years. If you feel that food is becoming expensive, think what it will be like with only corporate farms and food from China. Energy prices are going to effect EVERYTHING and the answer is not letting the oil companies go on with unbridled greed. The spike in grain prices should not last past next summer( as farmers tend to over produce) and until we find alternative energy sources ( fertilizer and fuel) this will continue. Ethanol is not a magic bullet, just a transition. I'm not flaming your post, just opening a discussion.

[roamer65]

5. Simply reporting the news.

Discuss away.;)

[HereSince1628]

7. I expect farmers will be paying record prices for seed, this is gonna

hurt all the way around. As inflation from food and energy work their way through the market farmers will get hit just as hard as everyone else. The system has family farmers on the bottom and will work damned hard to keep them there.

Does anyone really think health care administrators, brain surgeons, or even phlebotomists let farmers move a couple tenths of a percent closer to them in earnings?

[CatholicEdHead]

9. Farmer still gets screwed

Higher prices but the middlemen will still raise the rates for finished products even more and not pass anything down.

[KansDem]

19. "The Farmer is the Man"

The farmer comes to town with his wagon broken down
The farmer is the man who feeds us all
If you'd only look and see I know you will agree
That the farmer is the man who feeds us all
Yeah the farmer is the man
The farmer is a man
Buys on his credit till the fall
Then they take him by the hand and they lead him from his land
And the merchant he's the man who gits it all

The banker says he's broke the grocer's up in smoke
They forget that it's farmer feeds us all
If we'd put them to the test if the farmer took a rest
Then they'd know that it's the farmer feeds us all
Yeah the farmer is the man
The farmer is the man
Lives on his credit until Fall
Well his pants're wearin' thin his condition it's a sin
Because the taxes on the farmer feeds us all
I said the farmer is the man
The farmer is the man
The farmer is the man who feeds us all

My wife grew up on a farm and loves it everytime I sing this...:)

[Buzz Clik]

6. Ah -- the drought in Oz.

damn.

[hatrack]

16. And the drought in the Ukraine, which banned exports earlier this year . . .

And the drought in Italy and Greece, though they're only major grain players within the EU, and way, way too much rain in N/W France, which cut their crop, and way too much corn planted here . . .

[nealmhughes]

8. Think I'll buy a whole bunch of flour grocery day this week. . .

[Lone_Star_Dem]

12. If you can store it, that's not a bad idea.

I bake my own bread and am planning on buying and storing multiple pounds of flour tomorrow.

Every little bit helps, don't you know.

[UncleSepp]

10. Corn's up too

The staples are rising. The basics are being threatened.

[superkia]

11. The wealthy are running everyone else into the ground.

Wait until it gets so bad that anarchy breaks out and they too see what it does to people! That is if martial doesn't keep the average guy locked in his house somewhere or dead.

[IndianaGreen]

13. Thank you ethanol whores for the rising food prices and the famine to follow

As more food crops are diverted to the more profitable biofuels, the price of feed and food will rise. In the Third World, this will lead to famine, as food becomes prohibitively expensive.

[entanglement]

15. We're staring down the barrel of a global agricultural crisis, but the elites couldn't care less

[saigon68]

17. That's OK --- those mouths are only Black and Brown

</sarcasm>

[intaglio]

14. Doesn't worry us in Europe or UK

1$=0.72 Euros
1$=£0.49 (thats 49 pence)

and 1$=1.04 Canadian Dollars

I think Bush is going for a perfect 10

Constitution Destroyed - check
Congress Neutered - check
Judiciary Subverted - check
Department of Justice Controlled - check
National Debt, largest ever and rising - check
Dollar devalued - in practice, check
Destroyed US city - check
Environment Ruined - check, tipping point well past
Election subverted - check (2)

He is only missing in one area
Military Destroyed - partially, could do worse

so 9.5 out of 10 = Worst President Ever

[AwakeAtLast]

18. Part of the reason is because in some areas, the wheat crop was a disaster

Less supply, higher price. In Southern IL and IN, a lot of farmers simply plowed their wheat into the ground. The drought in some of those areas haven't helped much either.

edit: corrected a word

[hatrack]

20. Gosh, if inflation existed, this might become a problem!

Good thing there isn't any inflation, huh?

I know there isn't, because Lawrence :silly: Kudlow said so the other night on the tee-vee.