China Demand For Food and Energy Is Raising Prices and Consumer Ire in U.S.
Dude! What’s up with the law of supply and demand? The United States Department of Agriculture projected earlier this month that national harvests of wheat, corn, and soybeans — the foundation ingredients of the have-it-your-way American diet — will be strong this year. But prices for bread, meat, and milk at my local Glen’s store here in Frankfort, Michigan are going up by the week. Meanwhile, the Energy Information Administration reports that U.S. oil consumption …