US corn belt crisis threatens to drive up global inflation

Posted by Washington Post: Juliet Eilperin on July 24th, 2012
Guardian: From Williamsport, Ohio, a first-hand account of the worst drought to grip the corn belt of America since 1956: Scott Metzger told Reuters on Friday that it had rained for about 45 minutes on his farm that day, producing 1.3 inches of rain. Respite, but not much. Since 13 May the farm has only had 2.1 inches of rain. While some parts of the UK have been recording that in a single day, more than 70% of the midwestern corn belt – breadbasket of the world – is gripped by a catastrophic drought. Little......

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