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US Grain Reserves Dangerously Low (AAM Concerned with CCC Inventories)
Tri-State Observer ^
| 6-06-08
Posted on 06/11/2008 4:39:52 AM PDT by Renfield
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Meanwhile, an extended period of heavy rains has left much of America's Corn Belt too wet for planting. I fear we will see grain prices rise even further beyond their already high levels within a few months.
1
posted on
06/11/2008 4:39:52 AM PDT
by
Renfield
To: All
2
posted on
06/11/2008 4:41:37 AM PDT
by
Renfield
(Turning apples into venison since 1999!)
To: Renfield; TigerLikesRooster
ping
Disturbing, if accurate...
(This could very well be mis/disinformation from the pro-Farm-Bill Lobby.. Watching for confirmation from a more neutral source...)
3
posted on
06/11/2008 4:44:50 AM PDT
by
Uncle Ike
(Sometimes I sets and thinks, and sometimes I jus' sets.........)
To: Quix; MidgetNM
US Grain Reserves info; ping.
4
posted on
06/11/2008 4:45:02 AM PDT
by
Joya
(Lord Jesus Christ, Son of God, Savior, have mercy on me, a sinner!)
To: Renfield
5
posted on
06/11/2008 4:45:05 AM PDT
by
Renfield
(Turning apples into venison since 1999!)
To: Renfield
Thank you dims... we are almost a broken country... I really commend you on the promised change that the party of the A$$ has brought to us. joe stalin is proud of you dims!
LLS
6
posted on
06/11/2008 4:45:22 AM PDT
by
LibLieSlayer
(Could I ever vote for mcstain? NOT if jerk-face keeps running his liberal mouth!!!)
Comment #7 Removed by Moderator
To: BabaOreally
This would be a good time to resurrect Victory Gardens.
8
posted on
06/11/2008 4:49:25 AM PDT
by
Renfield
(Turning apples into venison since 1999!)
To: Renfield
I used to deal with the CCC. A lot of what they do is finance foreign purchases of US grains. An example would be the 60,000 metric tons of feed corn we (The company I worked for) sold a very large Egyptian chicken farming conglomerate. The CCC backed their letter of credit.
Overall with the exception of Japan, our allies are net food exporters. Our enemies and the supposed allies like the Saudis on the other hand are for the most part net food importers. Global inflation of food prices because of increased fuel cost and a shifting of grains to bio fuel may not be all bad given that the percentage of our incomes we spend on food vs. the rest of the world is minuscule. This is going to hurt our enemies a lot more than our friend, and balances out the trade equations with “Food for Oil”
My 2 cents.
To: Uncle Ike
With huge chunks of the Corn Belt under water and the corn planting season ending in about ten days, we will soon be paying much more for groceries. It is time to quit shipping grain exports, as many countries have been doing the past three months.
To: Uncle Ike; Farmer Dean
Exact amount of grains in reserve could become another controversial topic with political overtone.:-)
Farmer Dean, what is your take on this news?
11
posted on
06/11/2008 5:05:39 AM PDT
by
TigerLikesRooster
(kim jong-il, chia head, ppogri, In Grim Reaper we trust)
To: kittymyrib
My remark was in reference to the Strategic Reserve claims made in the article - which, in my reading, was intimating that the current Farm Bill Boondoggle is needed to ‘correct’ the ‘problem’....
Given the apparent bias of the author, I’m suspending judgement on that aspect of the discussion....
(For the record, I’m a proud member of the doom ‘n gloom camp — and I’ve been predicting skyrocketing food prices - and, worst-case, food riots in American urban areas - for a while, now.. ;~))
12
posted on
06/11/2008 5:08:58 AM PDT
by
Uncle Ike
(Sometimes I sets and thinks, and sometimes I jus' sets.........)
To: kittymyrib
It is time to quit shipping grain exports, as many countries have been doing the past three months.The moment you restrict where a farmer can sell his crop, you are basically enacting a price control. The price may stay low, but you damage the supply - or force ever-larger farming subsidies.
To: Renfield
Larry Matlack, President of the American Agriculture Movement (AAM), has raised concerns over the issue of U.S. grain reserves after it was announced that the sale of 18.37 million bushels of wheat from USDAs Commodity Credit Corporation (CCC) Bill Emerson Humanitarian Trust. According to the May 1, 2008 CCC inventory report there are only 24.1 million bushels of wheat in inventory, so after this sale there will be only 2.7 million bushels of wheat left the entire CCC inventory, warned Matlack.
24.1 - 18.37 = 2.7 say what?
14
posted on
06/11/2008 5:20:50 AM PDT
by
Straight Vermonter
(Posting from deep behind the Maple Curtain)
To: Renfield
Who was the buyer for the 18 million bushels and why was it approved then?
15
posted on
06/11/2008 5:22:00 AM PDT
by
doodad
To: Uncle Ike
The Mormons have the right idea; build your own food reserve.
16
posted on
06/11/2008 5:24:58 AM PDT
by
MSF BU
(++)
To: Renfield
Meanwhile, along the Red River area of Oklahoma and Texas the grain storage/shipping facilities are full or filling with the currently being harvested 2008 wheat crop...one source news is never good.
To: MSF BU
The Mennonites recommend that as well.
Carolyn
18
posted on
06/11/2008 5:33:17 AM PDT
by
CDHart
("It's too late to work within the system and too early to shoot the b@#$%^&s."--Claire Wolfe)
To: Renfield
Finally got most of my garden planted last Friday (about a month later than I would have, absent the surplus rain). Finally decided I had to plow furrows through the mud to get any corn planted.
Any starving FReeper can come by and get a bag or two of frozen corn left over from last year. Screw food inflation. I give away at least half of what I grow.
I have lost 1/3 of my planted tomatoes the last two weeks to hail storms. Have one more hailstorm in the forecast for tonight. Still have about 50 tomato plants in reserve, to replace any more loss. Will we still have hail when the globe gets really warm?
19
posted on
06/11/2008 5:35:49 AM PDT
by
tdscpa
To: Dust in the Wind
A lot of that hard red winter wheat is grown for export, and I suspect the wheat in the grain elevators now is already sold to overseas consumers, just waiting to be shipped.
20
posted on
06/11/2008 5:37:08 AM PDT
by
Renfield
(Turning apples into venison since 1999!)
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