Soybeans and Corn prices the Highest in 2 1/2 years

http://finance.yahoo.com/news/Lower-corn-and-soybean-output-apf-150127058.html 

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Lower corn and soybean output sends prices surging

Related Quotes

Symbol	Price	Change
HRL	50.46	-0.08

{"s" : "hrl","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""}

Michael J. Crumb and Christopher Leonard, Associated Press, On Wednesday January 12, 2011, 5:35 pm EST

DES MOINES, Iowa (AP) -- A surprising drop in the U.S. corn and soybean crop sent grain prices surging to their highest levels in 2 1/2 years Wednesday. The price increases stoked concerns about higher
food prices and tighter supplies of feedstock for food and biofuels. end quote.

This is bad news for cultures who depend upon soybeans and corn as a staple worldwide.