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The supply of corn keeps getting smaller
675 million bushels of corn may seem like a lot, but that is only an 18 day supply for the US grain market, and that is the reason corn prices pushed above $7 Wednesday on the CME. March corn did not close above that level, but settled at $6.98 per bushel following USDA’s February Supply and Demand report that indicated the ethanol industry was refining corn faster than previously thought.
Corn, beans and wheat prices have all been rising, but so has the price for ethanol. A year ago, ethanol was in the $1.70 per gallon range, but Wednesday closed at $2.457 per gallon, the highest it has been since the early summer price spike in 2008 when it exceeded $2.80 per gallon.
The result of the ethanol industry’s demand for corn tightens down the supply, says University of Missouri marketing specialist Melvin Brees. In his Crop Report Commentary Brees says USDA economists raised corn use by 70 million bushels and 50 million of that was added to Read more…
World hunger threat Shown By Arab Protests:Economist
DAKAR: Uprisings across the Arab world are just a foretaste of the instability facing other poor states unless a global food crisis is tackled, leading development economist Jeffrey Sachs said on Saturday.
Popular anger at rising food prices has been an explosive ingredient in the mix of grievances that triggered the fall of leaders in Egypt and Tunisia, and is now putting the heat on authorities in Algeria and Jordan.
Sachs, a long-time adviser of governments and world agencies on the fight against poverty, said the root causes applied right across an already unstable belt of states stretching from Iraq through the Sahara to the shores of Read more…
The Food Bubble is About to Burst
We’re fast draining the fresh water resources our farms rely on, warns Lester Brown, president of the Earth Policy Institute
What is a food bubble?
That’s when food production is inflated through the unsustainable use of water and land. It’s the water bubble we need to worry about now. The World Bank says that 15 per cent of Indians (175 million people) are fed by grain produced through over-pumping – when water is pumped out of aquifers faster than they can be replenished. In China, the figure could be 130 million.
Has this bubble already burst anywhere?
Saudi Arabia made itself self-sufficient in wheat by using water from a fossil aquifer, which doesn’t refill. It has harvested close to 3 million tonnes a year, but in Read more…
Mexico’s Big Freeze – 80-100% of Crops Damaged, Expect Shortages and Higher Prices
Kevin Hayden
I received an email from a reader regarding Mexico’s freeze damage over the last few weeks. In summary, large-scale producers of foods, such as Sysco, have sent out emails to major vendors explaining that there might be shortages of row crop foods due to freezing temperatures that hit Mexico. It goes on to say that Florida is normally the ‘Plan B’ as they grow many of the same varieties, but they’ve been hit hard by freezes as well and have lost most of their orange orchards.
It also details that expected shortages could be counted on 30-60 days from now and that Mexican farmers are still unsure of their next step – do they they try and quickly replant, hoping for a late March-April yield? Or disc the fields and wait? Other information coming in states that many of these crops have doubled, tripled or even quadrupled in price. For example, a carton of tomatoes went from $6.95 all the way up to $22.95 in one week. And that’s just one example!
This WILL affect your food cost and supply. If you’re not going to your local farmer’s market, now is the time to make friends and Read more…
Prophecy Sign: Revelation 6:6
Prophecy Sign: Revelation 6:6 “And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.”
If you are new to prophecy you may not known what Jesus is showing us in Rev. 6:6 so let me give you a short back ground. “A “measure” (6:6) is translated from the Greek word choinix, which is a dry measure of less than a quart and closer to a liter. A “penny” (6:6) is used for the Latin word denarius, which was the Roman silver coin that was accepted as the equivalent of the ordinary pay for a day’s wages. In the Book of Matthew verses 2-13 we see an example of people working all day for a penny. “2 And when he had agreed with the labourers for a penny a day, he sent them into his vineyard. In verse 9-13 it says, “ And when they came that were hired about the eleventh hour, they received every man a penny. 10 But when the first came, they supposed that they should have received more; and they likewise received every man a penny. 11 And when they had received it, they murmured against the goodman of the house, 12 Saying, These last have wrought but one hour, and thou hast made them equal unto us, which have borne the burden and heat of the day. 13 But he answered one of them, and said, Friend, I do thee no wrong: didst not thou agree with me for a penny?” (Matthew 20:2-13). In Revelation 6:6 Christ shows us Read more…
Grocery Bills Are on the Rise
Einstein was right – honey bee collapse threatens global food security
The bee crisis has been treated as a niche concern until now, but as the UN’s index of food prices hits an all time-high, it is becoming urgent to know whether the plight of the honey bee risks further exhausting our food security.
Inflation Group Says U.S. Cities Will Be Like Egypt in Four Years
The National Inflation Association has issued a chilling new advisory in which it warns that the inflationary time bomb being created by the policies of the Federal Reserve will lead to American cities experiencing similar chaos currently unfolding in Egypt by 2015.
Egyptian dictator Hosni Mubarak has been in power for three decades and in that time has managed to handle all manner of threats to the stability of his regime. But it was the huge unrest sparked by soaring food prices that finally led the Egyptian people to launch a revolution which is likely to see Mubarak forced out of office for good.
“Food inflation in Egypt has reached 20% and citizens in the nation already spend about 40% of their monthly expenditures on food. Americans for decades have been Read more…
HOW BANKS AND INVESTORS ARE STARVING THE THIRD WORLD
Ellen Brown
“What for a poor man is a crust, for a rich man is a securitized asset class.”
–Futures trader Ann Berg, quoted in the UK Guardian
Underlying the sudden, volatile uprising in Egypt and Tunisia is a growing global crisis sparked by soaring food prices and unemployment. The Associated Press reports that roughly 40 percent of Egyptians struggle along at the World Bank-set poverty level of under $2 per day. Analysts estimate that food price inflation in Egypt is currently at an unsustainable 17 percent yearly. In poorer countries, as much as 60 to 80 percent of people’s incomes go for food, compared to just 10 to 20 percent in industrial countries. An increase of a dollar or so in the cost of a gallon of milk or a loaf of bread for Americans can mean starvation for people in Egypt and other poor countries.
Follow the Money
The cause of the recent jump in global food prices remains a matter of debate. Some analysts blame the Federal Reserve’s “quantitative easing” program (increasing the money supply with credit created with accounting entries), which they warn is sparking hyperinflation. Too much money chasing too few goods is the classic explanation for Read more…
Even Donald Trump Is Warning That An Economic Collapse Is Coming
In a shocking new interview, Donald Trump has gone farther than he ever has before in discussing a potential economic collapse in America. Using phrases such as “you’re going to pay $25 for a loaf of bread pretty soon” and “we could end up being another Egypt”, Trump explained to Newsmax that he is incredibly concerned about the direction our economy is headed. Whatever you may think of Donald Trump on a personal level, it is undeniable that he has been extremely successful in business. As one of the most prominent businessmen in America, he is absolutely horrified about what is happening to this nation. In fact, he is so disturbed about the direction that this country is heading that he is seriously considering running for president in 2012. But whether he decides to run in 2012 or not, what Trump is now saying about the U.S. economy should be a huge wake up call for all of us.
Trump says that the U.S. government is broke, that all of our jobs are being shipped overseas, that other nations are heavily taking advantage of us and that the value of the U.S. dollar is being destroyed. The following interview with Trump was originally posted on Newsmax and it is really worth watching….
Now, you may or may not think much of Donald Trump as a politician, but when a businessman of his caliber starts using apocalyptic language to describe where the U.S. economy is headed perhaps we should all pay attention.
The following are 12 key quotes that were pulled out of Trump’s new interview along with some facts and statistics that show that what Trump is saying is really happening. Read more…
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