soybeans

Monsanto Raises Profit Forecast on Strong Corn Sales

Monsanto raised its full-year profit forecast on Wednesday after reporting a better-than-expected second quarter driven by strength in its global corn business.

Why Our Catastrophic Drought Won't Bankrupt U.S. Farmers

If you've been worried that this year's drought will put farmers out of business and leave Americans short of the staple crops they need to survive, relax. In its latest farm income forecast, the Department of Agriculture is reporting that U.S. farmers will make more money in 2012 than ever before, even as the country is facing its worst drought in 50 years. Here's how:

Why You'll Be Paying More for the Summer Barbecue

That cherished American tradition -- summer grilling -- is about to get pricier. Rising grain prices are affecting livestock feed, which in turn affects meat production. And surging overseas demand for both U.S grains and meat are adding to the equation.

Russia's Heatwave Means Higher U.S. Food Prices

Record heat in Russia is hurting its wheat crop, sending the grain's price soaring -- potentially affecting future bread and pasta costs. But it doesn't end there. For separate reasons, coffee and cocoa prices are also up. Get ready to pay more for food.