$this->bbcode_second_pass_quote('Eli', 'I') got this from a thread over at the ticker forum it is an excerpt from Kiplingers Business report.
$this->bbcode_second_pass_quote('', 'J')une and July will be exceptionally critical for U.S. corn.
If the growing weather is poor, the U.S. will run out of corn
before the 2009 crop arrives...unfathomable for the world’s top grower
of corn. Persistent spring rain severely delayed corn planting from Mo.
and southern Ind. and Ill. through Ohio and Pa., reducing overall acreage
to around 87 million acres, or 2 million acres short of what is needed
for livestock, exports and ethanol production until fall 2009. Worse,
tardy seeding means late maturity, shaving yields. Then, the same fields
may pollinate as summer heat reaches its peak...a huge risk for the crop.
Odds of market panic are 50-50 with June 30’s corn acreage report
from USDA, though nervous traders have already run the price over $6/bu.
USDA projects that even with a normal yield...impossible this year...
stocks will fall to a 21-day supply before Sept. 2009. That’s far below
the usual 100-day supply at the marketing year’s end just before harvest.
Growers are keeping their fingers crossed for normal weather
to avert severe shortages. They can take some solace in the fact
that the Southwest and the South will receive healthy rains once more.
PeakOil is You
THE Corn Thread (merged)
Re: Corn shortage coming?
by mcgowanjm » Thu 19 Jun 2008, 11:07:15
It's not every day you get to spectate the real-time collapse of a planetary civilization and biosphere. (Or, I suppose I should say, I remember a time when it wasn't.) But watching this unfold with fascination feels complicit and worse than if I were blithely ignorant, and analyzing it at this seeming late stage futile and ridiculous. What's important now, what's more important than ever, are the close-to-home matters: being a good father and husband, and learning how to best cushion the crash of our coddled urban lives.-Rig Int V2
"
5. Emerson Trust Depleted
by Rebecca Bratter, USW Director of Policy
After releasing 260,000 MT in April and another 400,000 MT of wheat in May 2008, the Bush administration has now depleted the entire reserve of wheat held in the Bill Emerson Humanitarian Trust (BEHT). The wheat was sold in the U.S. market to generate cash to make up some of the loss in U.S. food aid program purchasing power due to soaring commodity costs. The cash was used primarily to purchase corn-based food products and vegetable oil for a number of African countries and Afghanistan but the majority will go to the World Food Programme's feeding programs in North Korea. A destination for foor aid generated by selling the remaining 135,000 MT last week has not been determined.
The U.S. wheat industry has always been and will continue to be the leading source of donations to feed the neediest populations around the world. Wheat is traditionally the most monetized commodity in U.S. food aid programs, with donations totaling 961,500 MT (US$208 million) in fiscal year (FY) 2007. While U.S. wheat industry strongly supports the administration's goal of maintaining current food aid programs to prevent rampant hunger worldwide, there is concern regarding the impact of selling reserve wheat on the domestic market and over the lack of commitment from the administration to replenish the BEHT. Additionally, the release of emergency funds before funding for the proposed supplemental of $850 million for FY 2008 for Title II and $395 million for FY 2009 is approved could reduce the final supplemental amount.
USW has shared these concerns with high officials at USDA and on the President’s staff and has asked about the Administration's intent regarding replenishment.
http://www.uswheat.org/wheatLetter/doc/ ... nDocument#
Bottom line:
We have no grain stockpile.
- mcgowanjm
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Re: Corn shortage coming?
by biofuel13 » Thu 19 Jun 2008, 11:24:06
$this->bbcode_second_pass_quote('mcgowanjm', '
')Bottom line:
We have no grain stockpile.
')Bottom line:
We have no grain stockpile.
Pretty soon we will be able to say.......
Bottom line:
We have no grain.
-
biofuel13 - Tar Sands
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USDA forecast: record corn yield in the U.S.
by lorenzo » Wed 13 Aug 2008, 12:35:41
The USDA's crop forecast is out:
$this->bbcode_second_pass_quote('', 'S')oybean Production Up 15 Percent from Last Year
Corn Production Down 6 Percent from 2007, but second highest production ever
Cotton Production Down 28 Percent from 2007
All Wheat Production Virtually Unchanged from July Forecast
$this->bbcode_second_pass_quote('', 'S')oybean Production Up 15 Percent from Last Year
Corn Production Down 6 Percent from 2007, but second highest production ever
Cotton Production Down 28 Percent from 2007
All Wheat Production Virtually Unchanged from July Forecast
And:
$this->bbcode_second_pass_quote('', 'C')orn production is forecast at 12.3 billion bushels, down 6 percent from last year but 17 percent above 2006. Based on
conditions as of August 1, yields are expected to average 155.0 bushels per acre, up 3.9 bushels from last year. If
realized, this yield would be the second highest on record, behind 2004. Production would be the second highest on
record, behind last year when producers harvested the most acres of corn for grain since 1933.
http://www.usda.gov/nass/PUBS/TODAYRPT/crop0808.pdf
Doom and gloomers are wrong, once again. But this has become a routine by now.
The Beginning is Near!
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lorenzo - Intermediate Crude
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