u.s. corn prices rose by eight point five percent one day last week the largest jump since nine hundred seventy three at left prices fifteen percent higher in just two days wheat and other basic i recall two products have also threatened a global food crisis like that of two thousand and seven and two thousand and eight sparked by droughts rising fuel prices and subsidies for biofuels the falling dollar has led to speculation in the commodities market pushing up prices and increasing the little itty latest food crisis was caused by crop players in canada parts of europe and russia where drought devastated the wheat crop by the end of summer the russian government banned grain acts both of which contribution to a massive jump in the world with prices it was sad the ban might be lifted after the release of this year's harvest data but the first complete figures were as bad as feared sixty point nine million tonnes of grain was harvested less than in the same period last year probably we believe t

u.s. corn prices rose by eight point five percent one day last week the largest jump since nine hundred seventy three it left prices thirteen percent higher in just two days we did other basic go recall two products have also threatened a global food crisis like that of two thousand and seven and two thousand and eight sparked by droughts rising fuel prices and subsidies for biofuels the falling dollar has led to speculation in the commodities markets pushing up prices and increasing the little itty. prices have jumped to prevent still lower than they used to be to in the food crisis and though the grain reserves are lower than a year ago they're much higher than they used to be back then so the situation should not be compared with the one we had there is enough grain for the world even though the prices have grown rapidly. latest food crisis was caused by crop trailers in canada parts of europe and russia where draw devastated the wheat crop by the end of some of the russian government banned

>> one of u.s. corn to represent illinois in an all-white senate. are you going to do anything extraordinary to represent african-americans, given the fact that there will not be any of them there? >> this is an historic seat. i've spoken to president obama with this. i worked hard to make sure that he was president of the united states. i talked about what kind of senator that one for the african-american community and the state of illinois. the one true fighter for middle class families. >> what steps would you take to make sure that voice is heard? >> i am going to work with president obama and work on problems like promise neighborhoods and fully fund the youth thomas at, work hard to get guns off of our streets, and provide men and women in the city options. >> i think we need an otter pinero project entrepreneurial -- i think we need an entrepreneurial renaissance in the inner city. one of the things i would bring to the senate would be in the vacant property, commercial, for two years, certified by the mayors, no federal taxes for the next 10

corn. this is close to a two year high. the government cut its harvest forecast today. in august, the u.s. a.g. department predicted a record haul, but no longer. bad weather gets the blame. adding to the anxieties, corn leftover from last year's harvest is down too. scott shelladay with x.f.a. futures says it's not just a drop in u.s. crops that has the market spooked. >> the problems that we've had in china; the problems that we've had in russia, canada and australia. if you overlay that on top of what we got today, we have a food issue in the world. not just a corn issue. we've got less rice. we've got less oats. we've got less wheat. >> tom: companies doing business in american farm fields caught a bid on the grain rally. deere and caterpillar each rallied to new 52-week highs. fertilizer makers c.f. industries and agrium also hit new highs. c.f. industries was the biggest gainer of the s&p 500. the food price rally helped companies that help grow it, but it hurt companies that have to buy the food. tyson plummeted almost 8% on three times its usual volume. this is an eight month low. tyson

u.s. is the biggest exporter of corn in the world. back over to you. new records hitting today. >> wow. all right cnbc's becky quick, thank you. >>> coming up, 22 days until election day and rumors of possibly a backroom deal. will meek drop out of the race? we'll see about that. >>> later, five ex-governors running for old jobs again. this another sign of voters nostalgic for better times or that they don't want to throw all bums out? >> who knows? we'll get into that question. >>> first, a look ahead at the president's schedule today and it is a busy one. making a statement on infrastructure and then meeting with the kids of the documentary "waiting for super man." the five kids, we'll get a meeting with the president. you're watching "the daily rundown" on msnbc. [ female announcer ] what if your natural beauty could be flawless, too? new aveeno positively radiant tinted moisturizers, with scientifically proven soy complex and natural minerals give you sheer coverage instantly, then go on, to even skin tone in four weeks. new aveeno tinted moisturizers. it'll cost a fortune to insure

u.s. many of us had become convinced we had corn production figured out. some areas did see some wonderful numbers, but even the most advanced seed machinery could not overcome the weather thrown at us. we're building a game plan to handle years like this better. funny how high prices can inspire such dedication. here's al pell. >> in the sequel to last week's surprising grain stocks report, the usda added more stunning reports. average corn yield was dropped a breathtaking 6.7-bushels per acre. production is pegged at 12.7 billion-bushels and for beans the market was expecting slightly higher yields. still, a record but below last month. now, adding up all the changes and production used to carry out corn was moved below the psychological $1 million-bushel number. both numbers were sharply below analysts expectations. wheat numbers were in line with expectations but still revised lower. now, two of the world's leading growers are reporting problems. in canada, the world's second largest -- is down. canadians fought wet weather all yearlong. in russia, a b

u.s. farm report in just a moment. this week brian and andy, we were talking about corn primarily and the fact that the government put out this report and they found 300 million- bushels more and there may be question about the report, but you that's what the market is dealing with at this point in time. let's talk about beans and wheat. beans were always on friday bigtime. wheat was down, but not to the limit. beans were down. anything unusual in the bean report? >> not really in the report, al. it's right along the lines of expectation. what we're hearing on beans is record yields. now, that's not universal across all areas, but most areas are seeing near or above the best bean yields we've seen. i think the combination of the overloaded position, plus the harvest, plus the yield was enough to have a snowball effect. >> anything in the report to reflect wheat? >> i think the wheat is what it is. we know that. >> following corn, maybe? >> well, we had our big blowout and the carry out in 900 and the next year in 900. we looked at beans and everybody assumed this bad carryout was going to be a problem for price, and they

u.s. will be allowed to use more corn-based ethanol. the environmental protection agency today approved gasoline mixtures containing up to 15% ethanol. the maximum now is 10%. the ethanol industry maintains that higher concentrations of the corn-based fuel will not harm engine performance. the auto industry disagrees and livestock operations warn the move will mean higher corn prices for them. upbeat reports on corporate earnings helped wall street today. the dow jones industrial average gained more than 75 points to close at 11,096. the nasdaq rose 23 points to close at 2,441. those are some of the day's major stories. now, back to jeff. >> brown: and we return to chile now for a live update from the >> lehrer: now, what next for the don't ask, don't tell policy for gays in the military. yesterday, a federal judge in california issued an injunction barring the u.s. military worldwide from further implementing the policy. the judge said it infringed on the fundamental rights of u.s. service members. days to decide whether to appeal the

price of corn and soy bean futures in chicago here today are rising on supply concerns. the u.s. department of agriculture forecast a smaller global production and that might squeeze consumers even more. analysts surveyed by bloomberg news say the rising cost of corn that cattle herds eat is behind the surge in the price of beef as well. meat prices are already about 14% higher this year. >>> meanwhile on this merger monday, no monkey business for kid clothing retailers gymboree. it has agreed to be bought for $1.8 billion. the buyer, buyout firm. binge capital. -- bing capital. microsoft unveiling nine new smartphones. the windows based smartphones will be sold by at&t and t- mobile just in time for the holidays. the windows smartphone software features the ability to take and post photos faster along with connections with facebook and microsoft's x-box live game service. and lastly, we are learning that chicago based united airlines will need more space than it originally planned at willis tower. it plans to occupy 12 floors for its new operations center. three more floors than

u.s. is on its largest corn stockpile in nearly four years. what does all this mean for the price of corn and the prices for the rest of us? sandra smith is live from maple grove, illinois. hi sandra. >> reporter: hey jenna. i'm overwhelmed by the noise of the combine coming through now. jenna, we are seeing america at its best, right here, in maple grove, illinois. this is a farm, about 65 miles west of chicago. this particular farm that we're on has about 5000 acres of corn, and the reason that we're out here today, jenna, is we're tracking this harvest, because as you know, i grew up in the midwest, so i watched these corn prices all the time, and steve is joining us from his farm, and i know good corn when i see it. >> it's very good corn this year, our harvest is ahead of schedule this year, crop is excellent quality, things are good on the farm. >> historically, though, this is one of the earliest harv vests on record. why are we harvesting this corn so early this year? >> with the very warm summer the crop matured very fast. in my caree

u.s. that now feature halloween attractions. >> for the small family farm where you can't make the profit on corn, this is the wave of the future scared to lose his farm... >> have fun! >> reporter: ...now he's making a living scaring others. and that has him laughing all the way to the bank. (screaming) michelle miller, cbs news, glen mills, pennsylvania. >> couric: and that is the "cbs evening news." i'm katie couric in new york. thank you for watching this week. we'll be back in these haunts on monday. until then, be in good spirits and have a safe halloween. good night. captioning sponsored by cbs [ male announcer ] carly fiorina. she's against banning assault weapons... and that's reckless and dangerous. she's for risky new oil drilling that could threaten our jobs. fiorina's plan would mean slashing social security and medicare, which would devastate seniors. and she'd make abortion a crime. no wonder fiorina is endorsed by sarah palin. carly fiorina. just too extreme for california. [ boxer ] i'm barbara boxer and i approve this message.

u.s. farm report is brian dorta from -- peterson. i would like to talk about grain. what i wanted to pitch to you is a lot of farmers are are surprised that all during harvest season, the corn and soybean and other prices are continued to go up. what is the situation and what should we be doing right now? >> excellent question. a lot of people are asking that. going back to june, we got a favorable stocks and acreage report. between those two, the sheet dropped. into the summer, we had rains, nitrogen leaking and then we had the drought in russia, and the world woke up and said where are we supply wise with everything. we had a rally of three to four dollars. the investment came in and there was a lot of money in commodities. we got into corn harvest, and the yield numbers didn't measure up to expectations. most farmers we talked to all the way up to north dakota, five to 20-bushels less than they thought before harvest. that's a big deal. so between 800 million-bushels there and 500 million in june, now we're about 900 million- bushels in corn. >> so that really has put the local producer who had already sold his corn. maybe i sold to quick. not really, but under normal ci

u.s. traders respond in a few hours when the markets here open. a mixed ending on friday to what was overall a positive week on wall street. >>> the cost of wheat and corn are up which means what you pay for a box of cereal may be heading that way, as well. beef and pork prices are rising and fast food chains will have to absorb the extra cost or pass the expense on to you. >>> a popular venue reopened after a major makeover. the arena stage in southwest washington celebrated the grand reopening this weekend. visitors were able to check out the historic, the new and renovated stages of the building. among the free events, a performance from oklahoma and a chance to mingle with broadway and tony heyward winning stars. >>> still ahead, a desperate effort is underway to stop the spread of cholera in haiti. we will have an update next. >>> the power of mother nature takes away a family's vacation home. >>> and it wasn't text book but the redskins get a w in a game that was ugly. back after this. >>> mild out there. won't need a jacket for warmth but you may need it for rain later on. we expect showers at noon. we start with 63. lunchtime may see a shower on

corn costs are surging to a two-year high and preventing livestock farmers from expanding their herds. industry researcher cattle fax says next year u.seef supplies will be the lowest since 1952, and pork supplies next year will be the smallest since 1976. so that means meat prices may soon rise to a 25-year high. grocery stores and fast food chains may end up passing on those costs to you and me. that is business at the new york stock exchange. i'm jane king, bloomberg news, reporting for wbal-tv 11 news. back to you. >> and jane, we're assuming the lasix went well for you. >> it did. it did. you know, it's the first 24 to 36 hours, like, it's horrible. you can't see anything. but all the sudden, it's like amazing. so yeah, i'm really happy with it, and it's very quick. it's like less than five minutes, yeah. >> we're actually not here. you're looking at a blank screen, by the way. all right, we'll see you back here at 6:15. thank you. >> thanks. >> she never knows what she's going to get when she talks to us. the time is 5:23, it's 61 degrees on tv hill. coming up -- another look at your morning commute with traffic and weather toge

u.s. is skeptical. >>> in rhode island, a bomb squad destroys a suspicious package. it happened this morning. someone left the card board box under a mailbox next to one of the american corning factory. president obama is stopping by there for a tour today. >>> and new york city is not only battling bedbugs, but bugged out tourists. vacation hot spots like the empire state building have been fighting the parasites. trip adviser shows a 12% increase this year in the bugs. city officials say they are worried it will hurt the $30 billion a year tourism industry. that's going to be the show for today. thanks for your time. "the dylan ratigan show" is up next. don't go anywhere. at the stat. mini has more than double the fiber and whole grain... making him a great contender in this bout... against mid-morning hunger. honey nut cheerios is coming in a little short. you've got more whole grain in your little finger! let's get ready for breakfaaaaaaaaaast! ( ding, cheering, ringing ) keeping you full and focused with more than double the fiber and whole grain... in every tasty bite -- frrrrrrosted mini-wheeeeats! didn't know i had it in me. a body at rest tends to stay at rest...

corning insulation -- just $10.44 per roll. >>> topping our morning passport, a developing story out of pakistan, where we're closely monitoring a suspected u.ske in north waziristan yesterday, credited with killing 11 mill at that particular time jihadists. five of the dead as german nationals. it's not clear if any of the five were linked to any european terror plot. but the missile strike comes one day after the u.s. travel alert warning americans to be very careful while in europe. >>> meanwhile, french authorities this morning announced the arrest of 12 people suspected of having links to terrorist networks. three have reputed ties to a french man arrested on terror charges last month in italy. the other nine are said to have links to an islamist movement and were trying to secure weapons and explosives. none of them have been formally charged. >>> and rescuers trying to reach those trapped miners in chile are now about 175 yards away. but after a drill clears the way, a decision must be made about lining the mine shaft with casing, and that could mean days' more work for the rescuers. those miners have been trapped for more than two mon