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Jim Rogers, Commodities Trader, Profits From Drought-Driven High Corn Prices

Business  (tags: americans, business, consumers, economy, abuse, money, news, investments )

- 2150 days ago -
Across the Midwest, one of the worst droughts in decades is ravaging crops and driving the price of corn and other basics to record heights. It's bad news for consumers, who will pay more at the supermarket as crops whither in the punishing heat

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Monica D (580)
Wednesday August 1, 2012, 8:39 pm
The drought is very concerning.

Alex S. (3)
Thursday August 2, 2012, 11:04 am
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Kathy B (106)
Thursday August 2, 2012, 12:45 pm
I consider the commodities traders to be the bottom feeders of the planet - especially at times like this.

Azaima A (207)
Thursday August 2, 2012, 12:52 pm

Christeen A (371)
Thursday August 2, 2012, 1:35 pm
Of course he does. Greed is one of the problems today.

Talya H (10)
Thursday August 2, 2012, 5:19 pm
Thanks for the article!!

Aurea Aurea Walker (226)
Friday August 3, 2012, 7:38 am
I truly feel for those small farmers who are going to be devastated or destroyed by this drought calamity! Big Agra NOT as they get huge subsidies! However, there are huge silos with grain in reserve, but it will be sold at a much higher price. The sharks are going to devour us little minnows. And if we think hunger in the USA is bad now (at approximately 25% of the poor now) within a year, with this drought it could double!

catherine Buchanan (113)
Friday August 3, 2012, 8:59 am
the criminals in the usda who are directly tied BIG AGRA are rubbing their hands together for the chance at using the drought as an excuse to put more small farms out of business.

reft h (66)
Friday August 3, 2012, 4:39 pm
someone always benefits when times are tough for everyone else. They have no interest in improving things as long as they make piles of money, and to hell with everybody else. Thanks for posting

Eternal Gardener (745)
Friday August 3, 2012, 9:15 pm
Reminds me of our new premier of Queensland, who made a big profit from the floods in 2011...

Carrie B (306)
Friday August 3, 2012, 9:37 pm
Isn't this all very wrong and sad?!

Judy C (97)
Saturday August 4, 2012, 1:14 am
It is contemptible. The poor will suffer greatly from all this.

Herbert E (10)
Saturday August 4, 2012, 2:03 am
This drought is highly welcome by these Investors-speculators-Gangsters. They certainly don't give a rat's ass if people go hungry. Now, the US navy wants to introduce biofuel for their ships. Who will win the war ? Maybe it's time to re-read John Steinbecks - The Grapes of Wrath.

JL A (281)
Saturday August 4, 2012, 12:09 pm
It used to be you had to have a business interest in the commodity to participate in the commodities market-an example of what happens when things shift to the majority solely looking to profit off of others' productivity and in turn affect consumers prices

Robert Hardy (68)
Saturday August 4, 2012, 10:53 pm
There is a perverted logic here. Sad.

Kerrie G (116)
Sunday August 5, 2012, 10:58 am
Noted, thanks.

Ruth R (246)
Monday August 6, 2012, 2:02 pm
Noted. Every man, women, and child needs to have a food pantry or storage bin to ease the pain of the price of food. It is more than a pantry. Get neccesities as our ancestors did to live for years where-ever they lived. Stock water containers with water in stainless steel or class or healthy ceramic, stock a very good water filter, you list of what you use every day. What harm will if do if the world does not fall apart? If you can and will please help a neighbor -- because some people need a person tocome along side.

Ruth R (246)
Monday August 6, 2012, 2:03 pm
Back yard gardens and container gardens and do it yourself projects.

Robert O (12)
Thursday August 9, 2012, 3:09 pm
It's just as bad as people that engage in price gouging when there are shortages of gas or anything else. It's wrong and reprehensible to do such a thing. Once again love of money is proving to be the root of all evil. Good one. Thanks Carrie!
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