Posted on 06/24/2007 10:10:56 AM PDT by Dan Evans
I own Potash of Saskatchewan stock...they just split 2 for 1....
No kidding. Deer corn at Walmart jumped from $4.00 per 40-lb bag a year ago to $5.77 this week. Looks like venison is going to be more expensive too.
One of the biggest is ADM. They have given millions in cash to politicians.
>What a plan. Make a few bucks off the ruination of America
Stupid reply. Grow up.
LOL. Higher corn commodity prices as “conspiracy theory kook stuff.” My trader friends at the Chicago Merc will be rolling on the floor when I tell them.
How "independent" are we going to be if we have to start importing half our food from other countries?
I suspect the professional traders have already factored in tight supplies. The time to go long on corn futures would have been 6 months ago.
It’s going to get much worse. The western end of the corn belt, from Kansas to the Dakotas, and much of Iowa, are drowning in excess rain, and many acres haven’t been planted to corn this year. Some areas may not even dry out in time to plant soybeans. The other end of the belt—the southeast and mid-atlantic states—are suffering from a severe drought. It wouldn’t surprise me to see corn at $7.50/bushel by October.
We could drill for oil in a lot of places but state and federal politicians won't allow it. But they can mandate that we burn food.
Drop in the bucket. - all of this isn’t worth snot to such a concept.
Develop nuclear energy in every locale in America, drill aggressively in America, tax incentives for twice as many refineries right here and make a real difference.... - or do this face saving uber expensive showcasing that won’t - do - spit.
And just why will we be doing that?
Tell me what is smart about investing in corruption of the economy? It makes as much sense as shorting airline stocks before 9/11.
Ethanol is a JOKE. It takes 140 gallons of fossil fuel to produce 300 galons on ethonal fuel. The aquifer depletion for corn is criminal. For equivalent milage compared to gasoline this crap is $10.47 a gallon !!!!!
Now we factor in the higher prices for your food and it is over. The ethonal refineries can’t evrn cash flow with HUGE subsidies.
We need oil!!! We need refineries, We need to raise hell. Drill off shore— Drill Alaska. Get that oil in IRAQ but by God get me to work!!!
In order to grow enough food for fuel to make a dent in our crude imports, we will need to use about half our farm land. It is starting to happen now and food prices are already starting to rise, not just in America but world-wide.
And I guess you have a respectable source for all...that?
Stupid reply.
Tell me what is smart about investing in corruption of the economy? It makes as much sense as shorting airline stocks before 9/11.
I would suggest you get Thomas Sowells book ‘Basic Economics’
and educate yourself on the workings of the free market. With a basic understanding of supply and demand, most people could see this coming from MILES away.
Hay is also going up fast. More acres are being taken out of hay production and being put into corn production because of the lure of Ethanol. Never mind that the farmer has lots more prep work on the production of corn, and only ONE crop a year. More trips up and down the field cultivating, etc. Hay can produce 3-5 crops a year in the same time period.
Wait until the cities find out how much water corn takes for ONE crop/season.
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