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03/31/2022
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By News Editors
Severe drought and “dust bowl conditions” threaten to create a disastrous winter wheat harvest in the U.S.
Food prices in the U.S. have already been soaring, and now we are on track for an absolutely horrible winter wheat harvest. Of course this comes at a time when the war on the other side of the globe is going to greatly reduce wheat exports from Russia and Ukraine. Over the last 12 months, […]
03/30/2022
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By Arsenio Toledo
Drought conditions causing surge in cotton prices, raising fears clothes could become more expensive
Freak weather patterns in the United States, including drought conditions in Texas, are affecting the price of cotton, signaling fears that clothes are about to get more expensive. On Monday, March 28, cotton futures in Texas jumped by four percent to reach a price of $1.3171 per pound. At one point during the trading day, cotton futures […]
03/24/2022
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By JD Heyes
Winter wheat harvest collapse imminent amid ongoing severe drought as “dust bowl conditions” persist
Even as the global supply chain crisis continues to worsen due to a series of geopolitical events, war and bad policies involving Wuhan coronavirus (COVID-19), the U.S., considered the world’s breadbasket by many, is in for hard times regarding food security. Prices of food – like everything else, thanks to “Bidenflation” – have been trending upward for […]
03/18/2022
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By Cassie B.
Drought threatens US wheat harvest, deepening global supply challenges
A severe drought in the southern U.S. plains has placed the region’s winter wheat crops in serious jeopardy right as Russia’s invasion of Ukraine is putting a major dent in global wheat supplies. America’s top wheat-producing state, Kansas, is being hit especially hard, with some farmers in the southwestern part of the state reporting that […]
02/10/2022
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By Kevin Hughes
Cooking oil’s price surge signals worsening global food inflation
Surging cooking oil prices is raising concerns that global food costs are heading for record highs as drought hampers production in South America, labor shortage hinders output in Malaysia and Indonesia bars exports to safeguard domestic supplies. Palm oil, the world’s most consumed cooking oil, soared to another intraday record in Kuala Lumpur on Monday, […]
12/01/2021
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By Mary Villareal
Brutal cold wave in Europe leads to record-high energy prices
A brutal cold wave is sweeping across Europe, bringing in tons of snow, triggering power outages and devastating several countries with lows that have not been seen since 1980 in Sweden. The extreme freeze over northern Scandinavia has also caused energy prices to soar to record highs. The main reason is the high consumption combined […]
11/16/2021
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By Arsenio Toledo
Gas prices in California are rising so high they’re about to beat the state’s all-time record
The prices of gasoline in California recently came close to breaking the state’s all-time record as fuel prices soared nationwide ahead of the Thanksgiving holiday. On Friday, November 12, gas prices in the state hit an average of $4.658, about a cent short of the highest recorded average price of $4.671 set in October 2012. This […]
11/12/2021
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By Matthew Davis
PAY MORE OR FREEZE: Extremely cold winter to put upward pressure on prices of natural gas
The Energy Information Administration (EIA) said natural gas prices are expected to be volatile across the United States as the winter heating season begins. In its Short Term Energy Outlook (STEO) published on Nov. 9, the EIA estimated that U.S. natural gas storage levels had risen to within 3 percent of the previous five-year average at the end […]
11/03/2021
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By Mary Villareal
Oat prices reach record high amid droughts
Prices for oats and grains are up nearly 150 percent over the last year due to extremely dry weather in key growing regions. The drought was estimated to cut U.S. oat production by up to 40 percent, with the United States Department of Agriculture (USDA) saying this year’s oat crop was the smallest on record at only 40 million bushels. […]
06/17/2021
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By Nolan Barton
El Salvador plans to use geothermal energy from volcanoes for bitcoin mining
President Nayib Bukele of El Salvador has instructed a state-owned geothermal electric company to put up a plan to use geothermal energy from the country’s volcanoes for bitcoin mining. Bukele announced his move on Twitter at 1:35 a.m. Thursday, June 10, just hours after El Salvador became the first country to authorize bitcoin as a legal tender. […]
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