Where corn prices go (UP), meat prices follow

The effects of higher corn prices are still rippling out across the economy. Meat prices, for example, are up more than 15% this year to their highest level since the 1980s, but they’ve lagged the increase in corn prices. And they’re almost certain to head even higher.That’s because going into the surge in corn prices, livestock farmers recorded some of the smallest herds in decades.

Finally a Chinese bid for Potash?

Finally a Chinese bid for Potash?

This week or next will see a bid from China for Potash Corp. of Saskatchewan (POT), Canada’s Globe and Mail is reporting. The newspaper’s sources say Beijing is now deciding which of the proposed bids from China’s state-owned companies it should back. Pending Chinese national holidays beginning on October 1 argue for a decision this week or next.