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Worst US Drought in 50 Years Drives Up Grain Prices, Ethanol Under Pressure

Worst US Drought in 50 Years Drives Up Grain Prices, Ethanol Under Pressure

The worst US drought in five decades, which has caused more damage than expected to corn and soybean crops, helped push the global food price index up six percent in July, according to a report by the United Nations’ Food and Agriculture Organization. The FAO Food Price Index, which measures … Read more »