[mattduke]

$this->bbcode_second_pass_quote('lorenzo', '')$this->bbcode_second_pass_quote('Loki', 'I')'m sure the millions of people who'll go to bed hungry tonight will feel much better now that you've started this thread.

[mos6507]

And what about this conflicting news story off the homepage? WTF??

Rising food prices

[copious.abundance]

--> LINK <--
$this->bbcode_second_pass_quote('', '[')b]World wheat production is rebounding
21 oct 2008
World wheat stocks have been tight for some time and decreased production around the globe last year made them even tighter.
But many have said a rebound in world wheat production was needed this year and it looks like it is happening.

The Russian Agricultural Ministry has reported that wheat harvest and exports were significantly higher at this time than they were in 2007.
The Ukraine also reported excellent grain harvests of 70% more than a year ago.
While Rabobank cut the estimate of Australia's wheat harvest by a half million tonnes, their forecast of 20.5 million is still a significant increase over the past two year's harvests that were hit by severe drought.

A report out of Europe shows a 25% increase in forecasted wheat production over last year.
"What we are looking at now is an increase of world wheat production to the tune of nearly 70 million tonnes," says World Trade Outlook chairman Gerry Bange.
"That is a very, very sharp increase; over 11pc increase in one year." The US wheat production has also increased by 21pc over last year.[...]

[copious.abundance]

--> Bloomberg <--
$this->bbcode_second_pass_quote('', '[')b]Wheat Falls to 2-Week Low as U.S. Boosts Inventory Forecasts By Tony C. Dreibus
Nov. 10 (Bloomberg) -- Wheat prices fell to a two-week low after the government unexpectedly raised its estimate for U.S. stockpiles, because less of the harvested grain will be used to seed new crops after harvest delays for corn and soybeans.

About 603 million bushels will be in storage by May 31, 2009, almost double a 34-year low of 306 million a year earlier, the U.S. Department of Agriculture said in a report. Last month, the USDA forecast 601 million and analysts expected 589 million on average, a Bloomberg survey showed. Wheat prices are down 61 percent from a record in February as the farmers planted more. [...]

Wheat prices also may be declining after the government raised its global production estimate by 3.2 percent to a record 682.4 million metric tons. Russia will harvest 63 million tons, up from 61 million forecast last month, and 12 former Soviet republics will increase production by 2 million tons, the USDA said in today's report. [...]

[wisconsin_cur]

This is good news?

$this->bbcode_second_pass_quote('', 'b')ecause less of the harvested grain will be used to seed new crops after harvest delays for corn and soybeans.

[copious.abundance]

^
With rising stockpiles caused by that lack of use of grain for seed, they might not need the extra crop acreage next year.

Not sure why this thread was moved, but whatever.

[wisconsin_cur]

$this->bbcode_second_pass_quote('OilFinder2', '^') With rising stockpiles caused by that lack of use of grain for seed, they might not need the extra crop acreage next year.

$this->bbcode_second_pass_quote('wisconsin_cur', '')$this->bbcode_second_pass_quote('OilFinder2', '^') With rising stockpiles caused by that lack of use of grain for seed, they might not need the extra crop acreage next year.

[wisconsin_cur]

$this->bbcode_second_pass_quote('OilFinder2', '')$this->bbcode_second_pass_quote('wisconsin_cur', '')$this->bbcode_second_pass_quote('OilFinder2', '^') With rising stockpiles caused by that lack of use of grain for seed, they might not need the extra crop acreage next year.

[Nefarious]

$this->bbcode_second_pass_quote('OilFinder2', '')$this->bbcode_second_pass_quote('wisconsin_cur', '')$this->bbcode_second_pass_quote('OilFinder2', '^')
With rising stockpiles caused by that lack of use of grain for seed, they might not need the extra crop acreage next year.

$this->bbcode_second_pass_quote('Nefarious', ' ')I want to play also, but I can do better than that:
- 0 grain used for seed for next year's crop = all grain going into stockpiles.
- All grain going into stockpiles = All grain being stored/saved for regular consumption next year.
- All grain being stored/saved for regular consumption next year = No need for a crop next year.
- No need of a crop next year = No need for seed grain
YEAR AFTER YOU'RE FARKED!!!
You can't deplete your way to more.

$this->bbcode_second_pass_quote('pstarr', '')$this->bbcode_second_pass_quote('OilFinder2', '')$this->bbcode_second_pass_quote('wisconsin_cur', '')$this->bbcode_second_pass_quote('OilFinder2', '^') With rising stockpiles caused by that lack of use of grain for seed, they might not need the extra crop acreage next year.

[Nefarious]

You are twisting the information. You are trying to make it sound like they didn't need to plant the seed and so moved it to stocks.
The article clearly states that the ONLY reason it was moved to stocks was because farmers were UNABLE to plant the seeds.

Am I wrong?

$this->bbcode_second_pass_quote('Nefarious', 'Y')ou are twisting the information. You are trying to make it sound like they didn't need to plant the seed and so moved it to stocks.
The article clearly states that the ONLY reason it was moved to stocks was because farmers were UNABLE to plant the seeds.

Am I wrong?

[lorenzo]

So why was this thread moved from its sibling thread ("spreading food crisis"), which is still located in the Current Events section?

Is this thread put under "Open Discussion" because it is not paranoid, peaky or crisis-ridden enough?


The point is that the real current event is the global collapse of food prices, and a growing overproduction. Frankly, I don't care where you put this thread. You can even put the Truth in the garbage bin if you want to, it's still the Truth.

[wisconsin_cur]

$this->bbcode_second_pass_quote('lorenzo', 'S')o why was this thread moved from its sibling thread ("spreading food crisis"), which is still located in the Current Events section?

Is this thread put under "Open Discussion" because it is not paranoid, peaky or crisis-ridden enough?


The point is that the real current event is the global collapse of food prices, and a growing overproduction. Frankly, I don't care where you put this thread. You can even put the Truth in the garbage bin if you want to, it's still the Truth.

[Ferretlover]

Current Events Forum "is for posting and discussion of current events related to peak oil and hydrocarbon depletion. Please make sure your topic is at least tangentially related to energy in some way, otherwise please post it in Open Discussion."

[vtsnowedin]

$this->bbcode_second_pass_quote('Nefarious', 'Y')ou are twisting the information. You are trying to make it sound like they didn't need to plant the seed and so moved it to stocks.
The article clearly states that the ONLY reason it was moved to stocks was because farmers were UNABLE to plant the seeds.

Am I wrong?