Take a listen here and have a great weekend!

http://thedailygold.com/podcasts/thedailygold-podcast-with-kevin-kerr-715/?p=7139/

Listen here:

http://www.smartstox.com/analysts/kevin_kerr/

From Bloomberg-

Wet weather that delayed corn planting in the U.S., the world’s largest exporter,

may send global inventories to their lowest in 37 years, signaling higher costs for

consumers and livestock producers.

More than one-third of Midwest fields were planted after the mid-May target for

optimal growth because of excessive rain, and Ohio farmers as of June 5 were the

furthest behind since 1989, with 58 percent sown, government data show. Goldman

Sachs Group Inc. said June 6 that the disruptions increase the “potential for a

shortfall.”

Corn futures more than doubled in the past year to $7.365 a bushel inChicago

and may top $9 if conditions worsen, according to Morgan Stanley.

The rally is boosting costs for meat producers including Tyson Foods Inc. and

ethanol makers such as Poet LLC, as global food inflation tracked by the

United Nations accelerated in nine of the past 11 months.

“There’s potential to take out record highs this summer for corn,”

said Richard Feltes, a vice president of research at R.J. O’Brien & Associates,

a broker in Chicago. “There’s a lot riding on the need for our weather to normalize

and not be characterized by this regime of extremes that’s really been the pattern

since last fall.”

Full Story Here: http://www.bloomberg.com/news/2011-06-08/u-s-corn-crop-delays-signal-tightest-world-supply-since-1974-price-gains.html

http://vimeo.com/24521881

http://www.theepochtimes.com/n2/china/exorbitant-highway-tolls-hurt-chinas-economy-56354.html

“High transportation costs keepvegetables rotting in the fields while city dwellers cannot afford the price of vegetables in the markets,” Shenzhen News Network said in a recent report.

Highway tolls in China amount to one third of commodity shipping costs and are contributing to the increase in transportation costs, CCTV’s Economics Channel said in a show aired in April.”