Detailed text transcripts for TV channel - KGO - 20110216:11:04:00
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. >> we've had extremely strange weather patterns the world over where many crops have been destroyed and we've actually seen a hit to the supply of food available. >> reporter: at the grocery store that doesn't just mean higher prices for cornflakes and wheaties. it also drives up prices for pork, beef, and poultry. because the main thing farmers feed them is corn. worldwide food prices are now up a staggerin...
Source: news source