Friday, October 12, 2012

WSJ: Corn, Soybean Futures Jump


October 12, 2012 p. C7 by O. Fletcher and B. Tomson

[Excerpted] "Corn and soybean prices rallied after the U.S. government forecast tighter supplies of the two crops next year than analysts expected. Corn futures jumped 5% to a one-month high, while soybeans rose 1.7%"

Majia here: Rising food prices and declining availability promise social unrest in poor countries as hunger, perhaps even starvation, looms.

Aug 05, 2012
[Excerpted] The historic drought of 2012 is intensifying in the most parched areas of the American heartland, roasting much of the corn and soybean crop, scorching the grasslands and pastures essential for cattle grazing, and ...
 
Jul 17, 2012
About 55 percent of the continental United States is now designated as in moderate drought or worse, the largest percentage since December 1956, according to the National Climatic Data Center, and the outlook is grim.
 
Jul 10, 2012
About 40 percent of the corn crop was in good or excellent condition as of July 8, down from 48 percent a week earlier and the lowest for this time of year since a drought in 1988, the U.S. Department of Agriculture said today ...
 
Aug 08, 2012
More than 52% of the country is now experiencing some level of drought, and drought conditions are actually intensifying in the Midwest; 66% of the Illinois corn crop is in “poor” or “very poor” shape, with similarly devastating ...

Sep 09, 2012
The drought has parched pastures and curbed corn, hay, and soybean production, driving up the price of feed. Last year, ranchers sold more animals than normal to slaughterhouses rather than pay the high cost to feed them” ...
 
Oct 02, 2012
He explains that carbon-14 is being produced at Fukushima. I recommend reading the post. I've commented previously about my concerns that Fukushima fallout is impacting weather and contributing to the drought in the US.

Aug 25, 2012
Max Keiser interviews Dimtri Orlov who offers a very interesting interpretation of this ongoing humanitarian crisis caused by the financial crisis and resource limits:; [KR331] Keiser Report: Liquidity Drought. I recommend ...
 
Aug 31, 2012
Previously I posted speculation on a possible relationship between this year's drought in the midwest and Fukushima http://majiasblog.blogspot.com/2012/07/drought-and-nuclear-testsaccidents.html. The post looked at ...
 
Aug 08, 2011
Economists are cautioning that the nation's growing dependence on corn would make for a double jolt in the event of a drought across the Midwest: soaring prices not just for food but also for gasoline... ...Analysts now warn ...

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