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Russia Bans Grain Exports After Drought Shrivels Crop NY-Times Aug 5, 2010
Wheat (bushel) 785.75 309.75 +39.42%
At market close
08/05/2010
750
700
650 600 550 500
450
400
May Source: Reuters
June July The New York Times
Russia, one of the world's largest wheat exporters, which is suffering the hottest temperatures recorded since record-keeping began more than 130 years ago.
1 billion people earn less than $1/day, wheat prices almost double (450 → 785)??? If you aren't losing sleep over this, where
is your compassion?
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