Darrel Good, an ag economist with the University of Illinois, said there are several theories as to why the corn stocks figure was lower than expected. Some theories, like lower test weight corn requiring more corn to be fed to U.S. livestock, don’t add up, he said, because livestock numbers haven’t grown and more farmers are feeding distillers grains.
Good said it comes down to an over estimate of the 2009 crop or USDA will “find some of the missing bushels” in its next stocks report; time will tell.
Record corn, soy crops: USDA
Aug 12, 2010 9:14 AM, By Elton Robinson, Farm Press Editorial Staff
USDA is projecting record production the U.S. corn and soybean crops, with several states reporting record highs for yield....
Tyler_JC wrote:And yet soybeans cost about the same now as they did in late 2009.
There's no evidence that the futures market is predicting a catastrophic food shortage.
[-] ROCKMAN on August 2, 2010 - 2:08pm Permalink | Subthread | Parent | Parent subthread | Comments top mummsie -- For a variety of reasons (mostly those "unknowns" again) I view that bottom kill as less likely to work than the top kill. And even if the bottom kill appears to work I would worry about the long term ability of the well to stay dead. I've seen more than one improperly plugged "dead well" spring back to life.
mcgowanjm wrote:. . . Now, seriously, back to your analysis of the BDI.
Want to know what a Bull Trap is? You're looking at it.
http://www.investmenttools.com/futures/ ... _index.htm . . .
OilFinder2 wrote:mcgowanjm wrote:. . . Now, seriously, back to your analysis of the BDI.
Want to know what a Bull Trap is? You're looking at it.
http://www.investmenttools.com/futures/ ... _index.htm . . .
Dude, you're so busy with your incomprehensible ramblings
"Example with source/attributions. Now."
and so ensconced in your charts you're not actually reading the news behind the moves. To wit:
"The charts don't lie. And at 11000 and now 2400.
Watch the drop tomorrow AM. Or worse for you, as COLLAPSE
is economizing, stabilize here. Stay for a couple weeks(doubt it;}
Technicals and Fundamentals combined with Quantum Science.
Like Chaos Theory Oil/Human Leptokurtic Curves.
dragon king.*
That you and your can't/won't see the answers in the back of the book.
How again does Pakistan feed itself now with a UK sized
AG AREA under water? As the FSU loses 1/2 it's crop?
Iron Ore for what? To replace drinking water and soy?
OR make new trash equipment to clean out the intakes of the Three Gorges Dam?
(A BTW here: Us Dirty Fuckin Hippies said the Three Gorges would all too soon turn into a GIANT Cesspool.)
Of course, as the World Bank/Empire CONTINUE to Fund
World Wide Dam Construction, the lesson has not taken.
BDI is in Full On Death Spiral Collapse mode. Nothing can stop the Massive Contraction taking place now.
America's Chernobyl. The Watershed Event. Climate Weirding proceeds apace.
*2 million humans will be taken off the Pop Roles w/in
2 years. 100% guarantee. "
>>> BDI is going up again because China is really, truely and honestly importing more iron ore again. REALLY! <<<
"You Gots to LOVE "truely and honestly". LMFAO
Like why would they report anything else, eh
And BTW, the reason it collapsed in the spring was because of a rash of ships (which were largely ordered in 2007 or earlier) came online in the first half of this year and flooded the market with capacity. It had more to do with supply of ships than demand of commodities.
Hay shortages cause rise in bale thefts, say farmers
Shortages have meant the average price of a bale of hay has increased from about £3 to £5 Farmers say they have seen a rise in the number of break-ins by thieves stealing hay this summer.
The thefts are being blamed on a surge in the cost of hay of at least 40% because supplies are down by a fifth.
The first six months of 2010 were the driest in the UK since 1914, which meant conditions were not good for growing hay.
Russia announced a 12-month extension of its grain export ban on Thursday, raising fears about a return to the food shortages and riots of 2007-08 which spread through developing countries dependent on imports.
The announcement by Vladimir Putin came as the UN’s Food and Agriculture Organisation called an emergency meeting to discuss the wheat shortage, and riots in Mozambique left seven dead.
The unrest in Maputo, in which 280 people were also injured, followed the government’s decision to raise bread prices by 30 per cent. Police opened fire on demonstrators after thousands turned out to protest against the price hikes, burning tyres and looting food warehouses.
Although agricultural officials and traders insist that wheat and other crop supplies are more abundant than in 2007-08, officials fear the deadly Mozambique riots could be replicated.
Russians have responded to slashed harvest forecasts by hoarding staples, which has contributed to price gouging, Agriculture Minister Yelena Skrynnik said.
Russians have “traditionally” responded to bad harvest news by buying enough food to last for months, Skrynnik said at a government meeting in Saratov today. “This leads to a sharp rise in demand for foodstuffs and as a result creates the conditions for artificial, speculative price increases.”
President Dmitry Medvedev said Russia won’t have food shortages “despite a very difficult year” and there are no grounds for rising food prices. He ordered law enforcement agencies and the state competition watchdog to monitor prices.
Russia’s grain crop will fall to between 60 million and 65 million metric tons this year from 97.1 million tons a year earlier because of the worst drought in at least half a century and record heat, Skrynnik said.
The government banned grain exports from Aug. 15 and won’t consider lifting the restriction until next year’s harvest is in, Prime Minister Vladimir Putin said today. Harvest forecasts for crops from beets to corn have also been slashed.
Consumer prices rose 5.4 percent in the year through Aug. 30, according to the Federal State Statistics Service. In the week, the price of eggs jumped 8.3 percent, while buckwheat groats rose 5.1 percent, sugar 2.1 percent and flour 1.6 percent, the service said.
‘In Our Blood’
Irina Steshkina, 58, a nanny in Moscow, said Russians don’t trust the government when it comes to food. “As soon as we hear rumors of shortages, it’s time to buy,” she said in an interview. “And speculators know this as well as anyone.”
linkThe market continues to digest the news that the Russian grain export ban will last until summer 2011. At least that is what Putin is saying now.
The trade seems to think that this was some sort of major surprise (it wasn't). He was hardly going to throw the barn doors wide open in January and say "hey comrades export what you want" was he?
I sometimes think that this trade consists largely of a group of naive fresh-faced sixteen year old IQ retarded sheep.
It can't happen here, can it?
The United States, the breadbasket and supplier of last resort for a hungry world, has been such an amazing food producer in the last half-century that most Americans take for granted annual bounteous harvests of grain, meat, dairy, fruits, vegetables and other crops.
When horrific images of drought or famine in Africa, Asia or other regions land in American media, America is usually first in line with food aid shipments, air drops, and other rescue efforts from its seemingly endless stores.
The U.S. alone accounts for half of all world corn exports, 40 percent of soybean exports and 30 percent of wheat exports.
But climate change fears are sounding some warning bells....
"We don't have a long-term reserve. We have a global food supply of about 2 or 3 weeks," said Eugene Takle, Professor of Agricultural Meteorology and Director of the Climate Science Program at Iowa State University.
"We've become insensitive to climate -- with air conditioning, irrigation and better practices," he said. "Well, I think we need to rethink that. Just how vulnerable are we?"
Takle and others say the future is now.
"It's not the long-term climate trends," Takle says, "It's the variability....”
Takle said Midwest farmers are already adapting.
"Farmers say they don't believe in climate change, but you look at how they spend money and are adapting," he said.
Takle pointed to bigger machinery to allow faster and denser seeding amid rainier springs in the Midwest. Frosts are trending later so crops are kept in fields longer to dry.
"It's very important that we recognize the vulnerability," Takle said. "We have situations like in Texas. Huge reservoirs have just vanished. You can't do a work around."...
"We are just trying to find a suitable way to keep these farmers in business. It took generations to create the problem it will take generations to fix the problem," said William Horwath of the University in California, who will develop strategy for rice growing in the Sacramento-San Joaquin Delta.
"It's a pretty darn complex problem," Hatfield said. "We poke at it, but we need to get very serious about how do we think about adapting our crop production goals to the concepts of variability."
http://www.reuters.com/article/2011/09/ ... GS20110905
http://www.bloomberg.com/news/2013-02-21/russia-winter-grains-and-export-outlook-seen-aided-by-weather.htmlReduced Inventories
The current season’s grain exports from Russia were about 13.7 million tons by Feb. 13, the ministry’s figures showed. Stocks held by leading agricultural producers and millers fell about 29 percent from a year earlier to 22.6 million tons by Feb. 1, according to government statistics.
Temperatures in Krasnodar, Russia’s biggest grain-growing region by crop size, were above freezing on most days in January and reached 15.1 degrees Celsius (59.2 degrees Fahrenheit) on Jan. 22. This month they were as high as 16.2 degrees Celsius on Feb. 7, according to figures from the national weather center.
The beneficial temperatures helped grains germinate and emerge at spots that looked dead on the eve of the winter crop’s dormancy period in early December, Oleg Sukhanov, an analyst at the Institute for Agricultural Market Studies, said by phone from Moscow.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
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