Strong domestic demand is putting pressure on India s corn supplies, leading to a tightening of the corn balance sheet, according to Garima Jain, Deputy CEO and Head of Grains for India at Louis Dreyfus Company. India, which has been a key corn exporter in Asia, is experiencing a decline in shipments due to increased local consumption.
devastating. i ll tell you why this is real serious. we are not far from all-time highs on the price of corn, we are within one weather forecast away. and the bottom line here, the last time corn prices were this high it caused a lot of unrest throughout the world, and we re very concerned that if prices continue to go up it s going to make a dangerous world even more dangerous. jenna: very interesting you mentioned that. we have to remind ourselves that we are the largest corn exporter in the entire world, so we export corn, it goes into products and we buy those products back as well. sandy, we ve been mentioning this is the worst drought we ve seen since the 1950s, some are comparing it to the 19 30s. what historical context can you give us for how bad it really is out there. when you look back in the 1930s when the dust bowl happened it was called the dirty 30s. it was very extreme, we had hot, hot conditions, cold, cold conditions, in 1936 there was a huge drought and it really
brooke, because they feel that history is on their side and that any time the discussions about tax cuts or more specifically tax hikes, any time they can paint democrats as wanting to raise taxes it s bad for democrats. and i just want to show you a quote from one of the top republicans to give you an illustration of how they re framing it on the republican side. this is from the number two republican jon kyl who said president obama s push to raise taxes on those earning more than $250,000 including 940,000 business owners, could not come at a worse time. friday s disappointing job numbers and the continuing crawl of economic recovery indicate job creators are still struggling yet the president would have these business owners pay more in taxes to pay more for government spending. they re trying to put meat on the bones and give specifics on who they re talking about, almost a million business owners, not just some hypothetical discussion but real people they say will be