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Heatwaves, Harvests, and Food Price Shocks

Stress on our food system is building
Tuesday, July 10, 2012, 4:37 PM
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The persistent drought coupled with a record heatwave is seriously denting farm harvest forecasts across the US and grain futures have already been sent soaring.

In some cases, the prices are approaching the old 2008 highs, which saw food riots spring up around the globe and contribute to several rather dramatic regime changes.

It looks like the same dynamic is in play again...

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