| From Cattlenetwork.com: Fluctuating oil prices seem to be the issue of the day, but the cost of food commodities particularly staples such as grains and vegetable oils is a close second in grabbing global headlines.
According to the International Monetary Fund (IMF), world market prices for food commodities rose more than 75 percent from the beginning of 2006 to July 2008. Rising food commodity prices over the last several years have been part of a general increase in global commodity prices, including minerals, metals, and energy. Although the food commodity index rose to a historic high over the past 2 years, the indices for all commodities, and for crude oil in particular, have significantly outpaced it..... Full Article: Source
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