[blam]

I have read that US farmers are having or have had an almost record harvest in wheat and are rejoycing in the big 'payday' from higher wheat prices.

[Thunder90]

China and Russia will go to war... They will not fall apart, and the US is weak enough in their eyes that war is an option.

[blam]

Global Food Crisis, Time To Buy Rice Futures

Jack Barnes writes: The world is finally waking up to the fact that global grain prices are destined to head higher - much higher.

Nasty weather in key agricultural markets around the world has savaged the global grain crop, meaning worldwide supplies can't help but be squeezed. Australia, for instance, is experiencing additional flooding in areas that were already battered by the torrential rains of November, December and January.

And as if the supply-related increase in agricultural commodities wasn't enough, there's also the U.S. dollar - and the so-called "race to the bottom" - to contend with. Make no mistake: The endless devaluations in the greenback are having a worldwide impact on agricultural commodity prices. Since commodities are priced in dollars, these devaluations translate into higher prices for grains and other food-related commodities.

[snip]

[RayChuang88]

However, North America last year came VERY close to its own wheat crisis--it was fortunate that a drought-like situation in the US Midwest only affected the corn crop, but the "hit" was relatively mild.

The major fear right now is that if every wheat-growing region worldwide suffers from either drought or flooding in 2011, food prices WILL skyrocket and the real possibility of wheat rationing could become reality.