Page 105 - Corn Kernels News Today

The talk of the day was the talk of the season -- weather. >> everybody has said all summer, the only way were going to end the drought is with a hurricane. well, weve got the hurricane. now everybodys, well, how much rain are we going to get out of the hurricane? >> reporter: just a few miles away, the rumble of thunder and skies swollen with rain clouds brought some relief to farmer bob biel. >> this is something new. its hard to get used to what rain feels like. >> reporter: his corn bears th...

>> reporter: as donald bloss and his son, mark, walk through their dying cornfields in pawnee city nebraska, they see signs of life, just rows away. if you look at your corn, and its all lying dead, and then... >> its pretty dry. >> reporter: ...and you move into here and its green and lush. >> it is not done yet, either. these seeds are still pretty damp. theyve got a ways to go before theyll turn red and are ready to harvest. >> reporter: it is a green oasis grain called sorghum, primarily use...

A brief clip of the rehearsal was officially released. tonight the olympic flame burns in hyde park where 60,000 people affirm london is ready to welcome the world. but the big question tonight is who will be the final torch bearer? the british olympic committee will only say that it was a unanimous decision, brian. >> always over the top, tomorrow night promises to be absolutely over the top. >> it will. >> well be watching with you. chris jansing, thanks for that tonight. still ahead for us ...

Go ahead and make crop. we have more farmers saying they are near losing all of their crop in terms of corn than weve ever seen before. >> reporter: inventories of corn and soybeans are at very low levels. thats driving commodity prices higher. the prices for poultry and cattle which feed on the nations grains are going up as well. so ranchers are taking their cattle to market early. this man is at the chicago board of trade. >> cattle go to slaughter because they cant afford to feed them. so me...

Agriculture said 3/5 of the american land mass has been affected by this lack of rain. and hes called on congress to assist the american farmer. now it is not just corn, because beef, pork and poultry producers have been selling off early, fearing rising feed prices. and as a result, in the short run, vilsack says the meat prices may go down, but by years end, he expects consumers to be paying more. theres one other thing. consumers should be suspicious of price rises right now being blamed on t...

Theyre stopping juice containing the same or lower levels of pesticide at the border. but the juice thats already here is being sold with fda blessing. >> we dont think its a safety concern for consumers. >> reporter: toxicologists tell abc news, it would take much more tainted juice than one could drink, upwards of eight gallons a day, to bring on acute poisoning or lead to birth defects. the juice companies say its too early to tell if consumers are backing off processed o.j. for breakfast. bu...

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But stopping those vessels will put an economic strain on so many far from the waters only. because this mighty river carries many of the goods that ultimately wind up on our plates. already, wheat is up 28 cents a bushel. corn is up 23 cents. soybeans, up 15. and with the water still rising here, theres no telling how long the closures will last. 4,000 people in mississippi are displaced. so many of their homes already drowned. down river in krotz springs, louisiana, shirley and robbie are fort...

Well, in the global economy, it turns out the opposite is true, as well. prices are going up because of events taking place half a world away. those distant calamities in the news are having a real impact on prices here at home. droughts in china. a heat wave in russia. near biblical floods in australia have sent wheat prices soaring. 67% over last year. here in the u.s., floods in the midwest mean corn prices have jumped nearly 60% in a year. >> weve had extremely strange weather patterns the w...