U.S. drought could have global impact on food prices

Posted by Marketplace: Jeff Horwich on July 21st, 2012
Marketplace: Jeff Horwich: The weather forecast offers no relief for weeks across much of the U.S. breadbasket. Corn and soybean prices are at new records today -- wheat is rising too. And when we have this kind of farming weather, the whole world suffers with us. Rob Bailey is a senior research fellow on energy, environment and resources with the Royal Institute of International Affairs in the UK. Good to talk with you. Rob Bailey: Hello. Horwich: We're very focused on how our drought effects us here at home,......

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