Posted on 11/10/2010 6:26:11 AM PST by Red Badger
The spectre of inflation loomed over agricultural markets after the US slashed key crop forecasts and warned of shortfalls in grains.
The agriculture department on Tuesday cut estimates of US corn yields for a third successive month, forecast record soyabean exports to China and warned of the slimmest cotton stocks since 1925.
(Excerpt) Read more at ft.com ...
No food for oil.
DUMB B@#$%^&*()@#$%^&*(
Oh Noes, we won’t have enough grain for Ethanol 15%!
that and the gov’t paying farmers etc not to grow crops....control the food, control the people....
California: No water for food.
It’s water. We’ve been depleting the aquifers to fast too long.
By Gregory Meyer in New York, Jack Farchy in London and Javier Blas in Geneva
Ask yourself, what food is produced in New York, London or Geneva? My bet is that the writers know absolutely "Zero" about food production, distribution or processing. All they know is that they saw some graph that some Global Trading Group put together. It is time to stop listening to this mess and get on with the job of feeding our families and living our lives.
I do plan a bigger garden next year, but I am not afraid of being hungry. I don't have a lot of money, but I have good neighbors (but a number still vote Dem).
Yep...and the envirowhackos and the nanny-staters won,t care about pesticides and GM crops when are eating shoe leather and boiling wool coats.
Damn all of them. We will rue the day we let them handle the levers of power. We already do...
Nothing the government does, at any level, can survive the constant meddling of bureaucrats year after year, decade after decade. We are one of the few counties in the world capable of feeding ourselves and a lot of the rest of the world. But a century plus of bureaucratic control of agriculture has placed us in a very precarious position.
I am not an overt isolationist, but darn it we should have first dibs on anything we produce. Especially things other countries can’t produce even if they try. And especially, especially when we have things they MUST have and they have things we MUST have. Take for instance, our food and their oil.
I am just absolutely fed up with government and every aspect of it at every level. It has been a house of cards far too long and it needs to be done away with completely and replaced with a fresh start.
I know it’s a pipe dream, but if we don’t do something it will be too late to do anything.
But the Purple spotted mouse is growing nicely. Time to put a bounty on enviroterrorists.
Pray for America
Not just corn, but soybeans and cotton. We will be hungry and naked.............
I’m holding out for the citrus crop report from Beeks.
End subsidies!
Republicans should have their own version of ‘welfare reform’! Corporate Welfare Reform. Most of theses subsidies go to Ginormous Agribusinesses instead of lowly farmers!
That being said, a smart farmer looks to the CBOT traders for guidance, just like the CBOT traders look to the farmer.
Creating more crisis situations.
The CBT has for over 160 years had a "reputation" of manipulation. I am sure there are "honest" traders, but "trader" by norm implies something totally different. I have a relative who worked there for a while before she decided there were better things to do for a living.
just like the CBOT traders look to the farmer.
I see no evidence of that, other than reading the USDA planting and production reports. (my family has owned/operated farms in this county for 110+ years) My opinion of the CBOT is that you have a better chance of winning in Las Vegas than at the CBOT.
100% Correct. -see my tag line.
“TURN THOSE MACHINES BACK ON!”
Do you use the CBOT to hedge your risk? How do you reconcile your complaint that CBOT traders are not farmers, when you are a farmer and not a CBOT trader?
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