Here are HARD news from the midwest

[nadinbrzezinski]

Corn Jumps to Record as Floods in Midwest Threaten U.S. Crops
By Jae Hur

June 16 (Bloomberg) -- Corn soared to a record in Chicago, extending its rally to a ninth straight session, as floods in the Midwest threatened production in the U.S., the world's largest producer and exporter. Soybeans rose to a three-month high.

``The U.S. Midwest, including the flood-ravaged mid- Mississippi Valley, will be pounded by another round of severe weather through tonight, private forecaster Accuweather.com said on its Web site yesterday. ``Heavy downpours caused by the thunderstorms threaten to aggravate existing flooding or cause new flash flooding problems.''

Corn futures for December delivery, after the next harvest, rose as much as 23 cents, or 3 percent, to $7.88 a bushel on the Chicago Board of Trade. The price traded at $7.8475 in after- hours trading at 9:19 a.m. Singapore time. The old crop July delivery was up 2.6 percent at $7.51 after touching $7.545.

http://www.bloomberg.com/apps/news?pid=20601091&sid=aRL3C13Up5tw&refer=india

Iowa City Braces for Flood Crest; Dry Midwest Weather Ahead
By Nancy Kercheval and Bob Willis

June 15 (Bloomberg) -- Iowa City residents, many of them weary from filling sandbags to protect properties, waited for the river running through their town to crest in some of the worst flooding to ravage the U.S. Midwest.

``The extent of the damage is mind-boggling,'' said Iowa Senator Charles Grassley, in a statement, after he and Senator Tom Harkin flew over the inundated state.

More thunderstorms were expected today as the waters started to recede upstream from Iowa City, according to Accuweather.com. A dry spell is ahead, beginning tomorrow through week's end. Smaller rivers and streams should begin to recede, while the Mississippi River and other larger waterways will rise as runoff flows downstream.

``This is some of the worst flooding I've seen since Katrina,'' said David Paulison, administrator of the Federal Emergency Management Agency, referring to the hurricane that devastated New Orleans in 2005.

http://www.bloomberg.com/apps/news?pid=20601103&sid=auHg7tPATShg&refer=us

Just a sample of what YOUR media is NOT covering on the teevee (to their credit CNN has done an OK job)

[nadinbrzezinski]

1. ACTUAL news sink to the bottom? Ok, look at the implications for

our society at the meta level, not good

[Rick Myers]

2. Hey, Amy Winehouse is in the hospital!!!

We can't be bothered with FEMA fuckups, Americans dying in Iowa and Iraq, 400 Taliban escapees!!!!

Amy Winehouse was taken to the hospital!!!

[nadinbrzezinski]

5. SERIES!!!!!!!! Wow, thanks fer the update

:-)

[rurallib]

6. who is amy winehouse? seriously.

[Rick Myers]

7. British singer, 24 year old, great voice, crackhead, meth user....

Did a song called "Rehab." Her stuff is great, but she's a trainwreck!!!

http://www.amywinehouse.co.uk/

[rurallib]

9. thanks - didn't know and she didn't seem worth googling

[Mythsaje]

11. The inheritor of a long and illustrious legacy of similar trainwrecks

Which doesn't bode well for her

[skooooo]

13. Fuckin-A?

Thanks for spreading some REAL news!

:evilgrin:

[BeHereNow]

3. Expect more and worse with no coverage.

The elite don't want the serfs to start rioting.
The elites know what climate change is going to do
to the rest of us and they have prepared to take
care of their own.
The rest of us, well, WE are ON our own.

I'm afraid as time progresses, we are going to see more
devastation due to climate change.

The rest of the world is already having food/water shortage
rioting- it's coming to America and you can bet the MSM
won't say a peep about it.

Stunning, isn't it?

BHN

[nadinbrzezinski]

4. What is even more stunning is how many folks, even here on DU, have

missed the point of the lesson of the last weekend

[Rick Myers]

8. That's not the worst of it...

A message board in my home town of Youngstown, OH has a long thread claiming there is no looting in Iowa because... WELL, YOU CAN IMAGINE....

This country is coming off the rails...

[BeHereNow]

10. Hell. many of them didn't "get it" after Katrina.

Like I've said before, the entire country WILL be "Katrina'd"
and I think sooner than most care to think about.

BHN

[malaise]

12. This is big news

Corn prices are like gas prices. This will affect the prices of several types of food.

[skooooo]

14. But am I right in thinking...

...that the farmers will *benefit* from the increased prices - at least for a while?

[Rick Myers]

15. Farmers who's crops survived...

I recall living in Indianapolis about 2002, used to drive to Chicago alot... Flood in that part of Indiana DESTROYED huge fields of corn, it rotted within 24 hours and the water didn't go for weeks...

[Tashca]

16. You will read about this in the near future

Most farmers are business people. With very high input prices this years....most farmers sold a sizable portion of there crop ahead. Prices of $4-$5 per bushel looked extremely good. So it seemed to be good management to lock in those prices so they could cover input costs.

Now arises the potential problem....what if they don't harvest enough corn to cover these contracts?
They will have to honor those contracts just like any of us would.

I have no idea of the amount of business done this way this year....but I suspect it is much more than any time in the past. 2-3 months ago it looked like the right thing to do.

Now the ones that didn't do this will benefit with the higher prices...yes of course.

[malaise]

17. Only those few whose crops have survived

Many will be suffering.

[nadinbrzezinski]

18. I wonder how many of them will loose their farms as they

cannot honor contracts since their farms are currently under water

I have to wonder how many more small farms will go belly up to be replaced by large agribusiness