Grain prices set records as drought, food worries spread

Posted by Reuters: Karl Plume and Deborah Zabarenko on July 20th, 2012
Reuters: Grain prices pushed to record highs on Thursday as scattered rains in U.S. Midwest did little to douse fears that the worst drought in half a century will not end soon or relieve worries around the world about higher food prices. Government forecasters did not rule out that the drought in the U.S. heartland could last past October, continuing what has been the hottest half-year on record. "There's a greater chance that there is no relief possible or in sight" for the U.S. Midwest, Dan Collins......

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