Cotton prices are nearing 15-year highs. Last week the price per bale for December delivery hit $85 -- up from $75 last month. High prices are good news for farmers, but it may mean consumers will pay more for T-shirts and jeans.
A severe food shortage is on its way, according to famed investor Jim Rogers. Food inventories are the lowest in decades and "[m]any farmers cannot get loans to buy fertilizer now, even though we have big shortages developing," he said.