A South American drought keeps global grain reserves tight, but it could mean good things for North American corn producers.

Breaking Laws of Supply and Demand: Record U.S. Corn Crop Not Likely to Lower Food Prices

Favorable weather and prices, driven up by growing global demand and a series of droughts, have combined to push U.S. corn production to a new high — but retail food costs are not expected to drop.

Price Volatility: Food and Water Insecurities Require Deep Pockets

Adding pressure to already strained budgets, the price of food is expected to remain high and quite volatile on the heels of this year's extreme floods and droughts. Though price increases are occurring globally, they are hitting hardest in the developing world.