The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label corn. Show all posts
Showing posts with label corn. Show all posts

Friday, August 10, 2012

Corn report lays out the future direction for the economy

With the ongoing drought across the globe, and especially in America, corn production and yields are quickly becoming one of the most vital data indicators in the economy.  On Aug 10, the USDA issued its projected corn harvest for 2012, and the results were a 17% drop in yields, and a dire outlook for several industries and communities that rely upon the farm staple.





The U.S. Department of Agriculture Friday slashed its forecast for corn production this year by about 17% as drought conditions in key growing regions worsened.
Farmers are now expected to produce just 10.779 billion bushels of corn this year, the USDA said in its monthly World Agricultural Supply and Demand Estimates report. That's a sharp drop from the 12.97 billion bushels the agency predicted a month ago and the reduction exceeded expectations from some traders and analysts.

The new forecast puts U.S. corn production at its lowest since 2006, the USDA said. - Marketwatch
For farmers, investors, futures traders, and ethonol producers, this chart is of vast importance today, in the coming day.



At the end of June, corn futures were selling for 657 a contract.  Today, corn futures reached an inter-day high of 827 per contract, an increase in price of 26% in less than a month and a half.  Projections could raise corn prices to between $10 and $11 per bushel, which would create a price in inflation in food and ethonol to record highs.

Wednesday, July 11, 2012

Corn losses due to drought will have wide effects on the entire food chain

Corn is one of the most abundant crops in America's farming complex.  Its uses stem from not just human consumables on the dinner table, but in the production of many processed foods, to animal feed, and even green energy.

So a slowdown in production of corn will automatically have wide ranging effects not just for food and export, but in the thousands of industries that require large amounts to produce items in the global economy.




Who knew the next black swan would be deep fried? The biggest piece of imminent food inflation news over the past months, coupled with what is shaping up to be another record hot summer (for the best tracking of real-time electricity consumption primarily for cooling news we recommend the following PJM RT tracker of power load), has been the collapse in the corn harvest due to the worst drought since 1988 as 56% of America is in drought conditions. Today, the US just added some burning oil to the popcorn by cutting the corn-crop forecast by 12% to 13 billion bushels on expectations of a 13.5 billion harvest. Then again, who needs corn, when you can have cake? - Zerohedge