Posted on 03/31/2011 10:10:43 PM PDT by blam
CORN!!
Joe Weisenthal
Mar. 31, 2011, 8:09 PM
Our CHART OF THE DAY showed the huge surge in corn following the USDA crop report.
But that was just the first act. Corn futures were limit up, and couldn't go any higher.
Well the market is open again, and corn is exploding higher again.
Check out the last day in corn-ville and now the three different levels it's hit today.
Image: CME
(Excerpt) Read more at businessinsider.com ...
What happened to The Comedian? He was running a ping-list for this stuff.
Yep...and they are saying that using the corn for petro is adding this esculation ....and creating a huge drop in corn being available for consumption. This will hurt third world countries badly. N.Korea is already feeding their people cow corn mixed with twigs and dried weeds.
Hershey chocolate just announced it is raising their prices 10% due to sugar doubling in price this year.
Walmart is also announcing consumers should expect a huge price increase for food and clothing.
He was banned.
Shoot, I liked his shtick. Any idea why?
No. Someone looked it up and told me why but I forgot.
I liked him too.
I wondered what happened to him. The Comedian was definitely pithy.
On the subject at hand, it’s being reported locally that plans are for a record amount of acres planted to corn this year. It’s a good time to own land that’ll produce 250 bushels an acre.
I am looking at my pantry and think I can ride out a year or two....well, except for chocolate....might have to stock up some more of that...you can deepfreeze chocolate, right?
I’m sorry but there’s no other way to look at this.
The insanity of putting food into gas tanks (among other items on a long list of insanities) convinces me that this economic destruction is by design, there are a lot of players either naively or intentionally, and it has been going on for a long time.
Now should I make a tinfoil pillowcase and go to bed?
Cornflakes will be over $5 a box... oy vey.
I’ve heard tell that a different strain of corn is used for fuel ethanol than for human or cattle consumption. After all nobody cares how it tastes. It would be a land use issue more than a corn issue.
I haven't eaten corn flakes in a long time.
Tortilla chips I eat almost daily.
I tried making my own corn chips last year...they tasted good but were so hard I thought I'd break a tooth...I added some flour, still to hard. I quit.
Yes, he was, but I am sure I saw him on here a couple of days ago.
But land that is used for growing fuel grade corn is not able to be used for growing food corn.
We have to end this subsidy, it costs the taxpayer money in taxes, raised food prices, raised fuel prices (which raise costs of all transported goods and services...) due to the fact that it takes more gas to drive the same distance with the lower fuel economy of 10% ethanol.
All of these things would be a major savings for our country corporately and individually.
corn going from 3.00 to 6.00 adds 5 cents to a box of cornflakes, 15 cents to a Lbs of Steak......
Corn is going up in price for the same reason gold is-—QE and a push for commodities in general and of course China and India demand as their diets improve for billions of people
Food prices are going up more more due to energy and transport costs than the price of corn itself.....
take your pik....5 cents for a box of cornflakes eaten over the course of a couple of weeks.....or 30 cents extra per gallon of gas used in quanities of 20 gal per day.
ethanol now supplies the equivilent of USA oil imports from Saudi’s.......
.....or is it some just want to keep the farmers literlly “down on the farm”....and then say tough crap they shouldv’e diversified when another farm crisis happens.
Farmers learned after the Carter grain embargo and built the ethanol infrastructure themselves for a alternate market for their product........
I read on another thread that the Comedian got banned, as well as Pissant.
I enjoyed both of them and was sorry to hear it. I trust the ban was for a good reason; but I don’t know the reason.
I heard today on the news that over 14million acres of prime farmland has been bought up by the housing industry over the last few years. When the cities move to the country, they take land that would otherwise be in production. How come we don’t hear anything about that being a culprit? Multiply that by 200 bushels of corn per acre.
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