maybe if they stopped putting it into gasoline...
Posted on 05/26/2021 1:01:26 PM PDT by Roman_War_Criminal
America’s biggest cash crop has rarely been more expensive. Corn prices have risen roughly 50% in 2021 and a bushel costs more than twice what it did a year ago.
Corn has been one of the sharpest risers in the broad rally in raw materials that is prompting companies to boost prices for goods and fueling concern among investors that inflation could hobble the post-pandemic economic recovery.
Lumber prices have shot to more than four times what is typical, pushing up home prices and obliterating renovation budgets. Copper, a cog of industry found throughout the home and in electronics, hit record prices Friday. Crude oil hasn’t cost so much since 2018 and soybeans are trading at their loftiest level since 2012.
(Excerpt) Read more at wsj.com ...
A day’s wages for a quart of grain?
Corn farmers are wetting their pants in excitement. Especially those who have inventory from the fall harvest to sell.
all the farmers died of covid. no, wait — all the farmers dies of the covid vaccine. yeah, that’s the ticket.
Summer driving gasoline blend with mandated ethanol derived from, you guessed it, corn.
We’re getting closer and closer to that reality.
The blood-thirsty vampires of our political leadership want this.
Corn has got to be one of the most useful crops there ever was. Besides for food, corn is used in the production of many things. A short list includes ethanol, batteries, plastics, crayons, whiskey glue, cough drops and cornstarch for many medications. It is fairly easy to grow if you have enough sunlight and not too many Boll Weevils.
The only crop that has it beat would probably be soybeans.
>Corn farmers are wetting their pants in excitement. Especially those who have inventory from the fall harvest to sell.
Corn and soy only two years ago was nearly bankrupting farmers, but they’ll get their pay this year...after the co-op and truckers take %150 more in fees.
Meat and dairy prices will soar too. Inflation is not a problem as long as you do not eat.
2021, the year of shortages and raising prices.
This is just the herd effect of speculators using the enormous amount of money created by the Fed chasing the next “thing”. Lather, rinse, repeat.
F*CK BIDEN!
No crops for oil.
corn additives (corn oil, corn syrup sweeteners, etc).
Bill Gates has been buying their farms.
I wonder how many products people realize comes from corn and soybeans.
maybe if they stopped putting it into gasoline...
In these parts some still have a portion of last year’s inventory. Most fertilizer would have been purchased but it has doubled in the past 2 months. It has been wet and about half is not planted here. It probably won’t be planted now because we have 2 more weeks of wet weather on tap. Corn could be switched to soybeans but only if the corn chemicals have not been fully applied. What is planted here is becoming stunted and will need more nitrogen, most likely applied by plane. So, the costs add up. Currently corn is 1 dollar lower from about 3 weeks ago. It was 7.70 and now 6.65. But there is a long summer ahead and could jump even higher.
I notice whenever crops or conditions like drought make the headlines, the excitement of the market is usually over and heading lower.
Of course, as soon as I typed this I realized the Dims will figure out all utility companies should be forced to power their grids with ethanol or sumthin.
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