Many have connected the political unrest in the Middle East with rising food prices.  This activity along with recent catastrophic weather in Australia will likely drive food prices even higher. 

Nouse.co.uk writes, "The last time prices rose to a similar level in 2008, food riot protests were held in many countries around the world, including Cameroon. The political unrest in Egypt, Algeria and Tunisia, whilst being focused on stronger political reasons, has also included protests against high food prices. The conflict in Egypt has additionally resulted in brent crude oil prices hitting $100 per barrel for the first time since 2008. This increase will affect all areas of the worldwide economy, from product transport costs to petrol prices at the pumps."    

Inflation Fears at Home  

Wasn't it only a few days ago that the financial community voiced concerns that our fiscal theatre was setting the stage for Dante's Inferno and depression-type mattress stuffing?  Well, today the lead in the WSJ is fear of returning inflation while other publications herald the resurrection of credit card spending.

Corn Usage in Ethanol  

This morning the USDA's Supply/Demand report added another 50 million bushels of corn usage attributed to ethanol demand (now pegging 4.95 billion bushels).  We are redefining "RISK MANAGEMENT" as we prepare for this summer.

China Goes Global

China makes steps toward currency liberalization, opening trading of the yuan.  This chart from the WSJ shows the latest exchange rates. 

Read the full WSJ article on the yuan.