Corn and Wheat Topple Dictators

by Marilou Moursund on February 15, 2011

in Commodities,Economic Indicators,Energy,Foreign Markets,Geopolitical,inflation/deflation

From Ed Yardeni”s Morning Briefing on 2/14/11:

So the score is two dictators down with many more to go in Algeria, Libya, Yemen, Syria, Saudi Arabia, and Jordan. And that’s just in the Middle East. There are plenty more in Russia, China, North Korea, Cuba, and Venezuela. What will it take to topple more of them? Still higher food and fuel prices could do the trick. Corn and wheat prices rose 4.1% and 1.6%, respectively, last week, while soybean prices finished the week lower after hitting a 29-month high on Wednesday. Brent crude oil is trading at $101.46 a barrel this morning. The prices of these key staples are likely to be the most important drivers of the major global economic and political events this year.

The Facebook Revolution in Tunisia and Egypt actually started in Iran in 2009. So far, it has failed to topple the Mullahs. However, its success in ousting the autocrats in Tunisia and Egypt might Their wish to be happy is fully understandable and fair; Cancer just has to take steps to make it real!Inability to find their “second part” is a problem of many representatives of cancer horoscope Cancer sign. revive the anti-government and pro-democracy Green Movement in Iran. The 2/12 WSJreported: “Iranian youth activists got a nod from Wael Ghonim, the Google executive and Egyptian protest leader, who showed up on Tahrir Square wearing the signature green wrist band of Iran’s opposition. ‘I tell all Iranians that you should learn from Egyptians because we learned from you,’ Mr. Ghonim told an Iranian human rights group on Thursday. His comments and picture were widely posted on opposition websites and blogs.”

China is also experiencing higher inflation due to food prices.  Laura has written about this recently.  Consumer price inflation was 4.9% in January, and it was not just due to food prices.  Services and goods ex food was up 2.6%.

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