Posted on 03/21/2008 7:43:32 AM PDT by Red Badger
Forgot to add, a weaker dollar is adding to the price too.
Sir— With todays investors surpluses don’t mean
nothing, just like oil. There is all the oil that
we have refining capacity for, but they keep on bidding
it up based on every political rumor, war rumor,
etc. The problem is they only have to risk a small
fraction of the commodity block they are speculating on,
and that drives up prices.Oil & corn. Mentioned above
a tub of shortening was 44 bucks, but soybean oil it is made from is has only doubled to 55 cents a lb.
It has about 18 bucks worth in it.And it mainly
did that because of speculators. Balance driven up by
middlemean expenses and greed. Farm commodities
will come down som as the investors have to get their
reserves kosher,pulling more money back out of
speculating. Hope corn don’t go below cost of raising
it like it was for years, a few years ago it cost 2.50
to raise a bushel and farmers got 2 bucks.. Well now
due to energy costs; and fertilizer and equip being driven
up by energy, it is almost $3.50 to raise it, and
if this anti ethanol hysteria gets ahold, corn will be two
bucks,then to have corn we will have to pay price supports
again. Then we will try to raise more to make the bills,
and dump more on Mex, hurting Mex corn farmers.
And if ethanol is driven out there goes 350,000 barrels
of production. Someone mentioned sweet corn being high
out of season, and said it is ethanols fault. The world
has gone silly. There is all the food corn in cans
anybody in this country can eat, in fact it is given
to food pantries, same with cereals.
The huge glut of money in speculating corn will drop,
brecause ther eisn’t the volumne to play with like
the almost 1 billion gallons of oil every day,corn only
about 13-15 billion bushels in a whole year. And if
it was increased to put 10% ethanol in most gasoline,
it would only take another 5-6 Billion bushels,The
idle farmland we have would do that easy and increase
wheat, hay, etc also if needed. Ed Hubel
Ethanol plants can and are converting to wastewood,
cutting energy cost by over half.Ed
Ethanol plants can and are converting to wastewood,
cutting energy cost for power, by over half.Ed
Thanks for the good info.
Thanks to this well meaning Gubmint central planning disaster to turn farmers into energy barrons, pizza is now $3.50 per slice.
That might get the sheeple’s attention. Cost of flour is up 200%.
Nobody gave a crap but now...mess with a man’s wallet and pizza...all hell could break loose.
I can buy two 12” pizzas to pop in oven for 7 bucks.
Buy from pizzeria large one for 9 bucks, has
8 pieces. Sugar up 5 cents a lb..Last flour
wife got was 35 cents a lb up from 29 cents last summer.
Some of you got to find better stores it appears.....
The ethanol price on the speculators market is
over a dollar a gallon less than gasoline pump price.
If it is so costly to make why is it priced less.
Only thing extra in using it is a blending tax credit
big oil gets for using it. And that credit doesn’t give
farmers or ethanol makers anything.
And it wasn’t originally set up as
a gov plan, it was initiated by farm co-ops and gov
got talked into the blending credit by big oil, because
gov found it could reduce emissions if added.
Actually probably got bribed by big oil like all the
credits they get, that are so much more than from using
ethanol. And farmers aren’t energy barons, they are
energy users and at the mercy of high oil prices
just like you, and those prices are caused by opec and
speculators. Ed
Thanks. I hear you.
I don’t know how to respond to that one.
I just try to help. My farm neighbors are in a fix
if corn, wheat etc prices crash. The inflation caused
by high oil has added a buck a bushel to corn production
costs and they may be faced with prices dropping below
production costs, by more than that dollar. Fertilizer
is up 2.5 times in 3 years. You read of ethanol companies
cutting back plans but a lot of these are like speculators
expecting gas to be 6 dollars by now so they could sell
5 dollar ethanol, instead of the $2.31 it is now on
the market. At present level or a little lower those in it
for production will do ok. And make farmers a market.
The problem——It is a shame we have the
CEO syndrome in this country, IE, a disease where the
middlemen, money men, etc figure they have to have a
140 times the rate of return on what they do, compared to
the hardworking snook on the bottom that supplies the
products to them.....Like farmers, loggers, miners, junkmen,etc....And these money people stick it to the
consumer. Ed
Revealed: The Dirty Tricks of Rogue Traders
Telegraph | March 21, 2008 | Robert Winnett
Posted on 03/21/2008 11:50:00 AM EDT by khnyny
http://www.freerepublic.com/focus/f-news/1989410/posts
The U.S. Is Poised to Hit a New Oil Gusher
The Kiplinger Letter | March 17, 2008 | Jim Ostroff
Posted on 03/21/2008 1:40:42 AM EDT by neverdem
http://www.freerepublic.com/focus/f-news/1989241/posts
Burst Bubble? Commodities’ Long-Term Story Remains Intact
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Posted on 03/20/2008 10:38:58 PM EDT by SeekAndFind
http://www.freerepublic.com/focus/f-chat/1989190/posts
Some See a Commodities Bubble Forming
Money News | March 19, 2008
Posted on 03/19/2008 8:28:32 PM EDT by SeekAndFind
http://www.freerepublic.com/focus/f-chat/1988480/posts
$2,000 an ounce gold is in the cards
MarketWatch | March 18, 2008 | Chuck Jaffe
Posted on 03/19/2008 7:05:57 PM EDT by george76
http://www.freerepublic.com/focus/f-news/1988429/posts
Precious Metal Market
Posted on 03/13/2008 7:41:16 PM EDT by LukeL
http://www.freerepublic.com/focus/f-chat/1985313/posts
President Bush Considers Biodiesel Most Promising Fuel to Meet Renewable Fuel Standard Requirements
Biofuels Journal | 03-12-2008 | Staff
Posted on 03/13/2008 3:19:36 PM EDT by Red Badger
http://www.freerepublic.com/focus/f-news/1985193/posts
The Case for Clean Energy Fuels
seeking alpha | 2/21/2008
Posted on 02/21/2008 6:05:52 AM EST by shove_it
http://www.freerepublic.com/focus/f-news/1973841/posts
CR guns for eco-car challenge (DIESEL!)
Times-Standard | 02/18/2008 | John Driscoll
Posted on 02/18/2008 3:57:31 PM EST by Red Badger
http://www.freerepublic.com/focus/f-news/1972406/posts
The Clintons’ Coal-Gate
IBD | January 23, 2008
Posted on 01/23/2008 8:59:25 PM EST by Kaslin
http://www.freerepublic.com/focus/f-news/1958548/posts
The Other Green Engine: Diesel?
Forbes | 1/19/08 | Joann Muller
Posted on 01/20/2008 4:24:30 AM EST by bruinbirdman
http://www.freerepublic.com/focus/f-news/1956588/posts
Unconventional natural gas reservoir in Pennsylvania
poised to dramatically increase US Production
Penn State | January 17, 2007 | Unknown
Posted on 01/17/2008 5:05:56 PM EST by decimon
http://www.freerepublic.com/focus/f-news/1955363/posts
Price Surge Puts Focus on Oil Supplies ($300/barrel coming?)
Associated Press | November 15, 2007 | Peter Enav
Posted on 11/15/2007 9:45:47 AM EST by beaversmom
http://www.freerepublic.com/focus/f-news/1926133/posts
[from 2005] Euro sinks further after “break up” talk
Financial Times | June 1, 2005 | Steve Johnson
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http://www.freerepublic.com/focus/f-news/1414656/posts
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