The bitter harvest of ethanol

  Food and energy prices are going to increase dramatically in the next 18 months; a serious setback for any president, regardless of how well their message is spun by the MSM. The re-election prospects of Barack Obama have become much more problematic due to the recent wet and cold weather in the Midwest and the Northern Plains states. Voters vote their pocketbooks, especially when they are making choices between rising food costs or new clothes for their growing kids.   Monday, the National Agricultural Statistics Service (NASS), the Agricultural Statistics Board, and the United States Department of Agriculture (USDA) released the May 31, 2011, Crop Progress report.  This report in conjunction with WOAB (World Agricultural Outlook Board) Weekly Weather and Crop Bulletin gives the reader a clear week-to-week scorecard for how the major crops are maturing. What were the highlights from these reports?  Corn: With planting complete or nearing completion in many...(Read Full Post)