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US corn, soy prices hit records as drought lingers

 
THE INQUISADOR
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08/22/2012 09:27 AM
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US corn, soy prices hit records as drought lingers
AFP - US corn and soybean prices closed at new record highs Tuesday as a new survey showed worse-than-expected crop damage from a brutal drought across the country's central breadbasket.

The price of corn jumped 1.7 percent to $8.3875 a bushel, while soybeans finished at $17.3025 a bushel, up 2.8 percent from Tuesday.

That left the corn price up 68 percent from June and soybeans 39 percent higher.

An all-time record hot July accompanied by nearly three months of extreme drought have baked the country's prime farmland in the midwestern and central states, where the world's largest corn and soybean crops are grown.

Prices jumped after reports from the annual Pro Farmer Midwest Tour gave analysts and traders more bad news on the state of the crops.

"Crops in western Ohio and eastern Indiana were far below the norm," said Pro Farmer analyst Brian Grete.

Yields in South Dakota meanwhile were called "stunningly low."

[link to www.france24.com]
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Anonymous Coward
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08/22/2012 04:32 PM
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Re: US corn, soy prices hit records as drought lingers
Your funny. Ukies cant be citizens. They are worthless cannon fodder for some old twat with a crown.

They are...chattel property. nothing more and will never be anything more.
THE INQUISADOR  (OP)

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08/22/2012 04:34 PM
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Re: US corn, soy prices hit records as drought lingers
Your funny. Ukies cant be citizens. They are worthless cannon fodder for some old twat with a crown.

They are...chattel property. nothing more and will never be anything more.
 Quoting: Anonymous Coward 8084990


Nice..Not the place for UK bashing..Start your own thread if you feel necessary.
:nose23l36:
SCOTLAND FOREVER
America is the Grand Experiment..Let us not Fail..
Listed Number 1 in the Guinness World Record Book of EXTRA LARGE Steel Balls
Opinions are like Farts..Only the very best linger on and on
Great Men wake up to slay spam tards. Most are content to chase lizards. Therein lies the difference. Live Brave.LIVE FREE.
Murphy is my patron Saint.
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Anonymous Coward
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08/22/2012 05:02 PM
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Re: US corn, soy prices hit records as drought lingers
Ontopic: I have been hearing that even accepting the reduced yields, some of the varieties of corn can not be used for the regular outputs.

Something about the nutrition profile, and the stage at which the kernels were affected prevented certain toxins from being expended as part of the normal growth cycle. (both GMO and non-GMO varieties)

Similar to the effect that certain varieties of potatoes can not be consumed until none of the inner skin is green, but after that stage, both potato and skins are fine to eat.
THE INQUISADOR  (OP)

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08/22/2012 05:05 PM
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Re: US corn, soy prices hit records as drought lingers
Ontopic: I have been hearing that even accepting the reduced yields, some of the varieties of corn can not be used for the regular outputs.

Something about the nutrition profile, and the stage at which the kernels were affected prevented certain toxins from being expended as part of the normal growth cycle. (both GMO and non-GMO varieties)

Similar to the effect that certain varieties of potatoes can not be consumed until none of the inner skin is green, but after that stage, both potato and skins are fine to eat.
 Quoting: Anonymous Coward 22214495


I heard that also. This goes so far down the food chain it's unbelievable
:nose23l36:
SCOTLAND FOREVER
America is the Grand Experiment..Let us not Fail..
Listed Number 1 in the Guinness World Record Book of EXTRA LARGE Steel Balls
Opinions are like Farts..Only the very best linger on and on
Great Men wake up to slay spam tards. Most are content to chase lizards. Therein lies the difference. Live Brave.LIVE FREE.
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CO SKY WATCHER

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08/22/2012 06:20 PM

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Re: US corn, soy prices hit records as drought lingers
So how high will these food staples actually raise prices percentage wise at the local grocery??
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― Joseph Stalin
Anonymous Coward
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08/22/2012 06:25 PM
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Re: US corn, soy prices hit records as drought lingers
AFP - US corn and soybean prices closed at new record highs Tuesday as a new survey showed worse-than-expected crop damage from a brutal drought across the country's central breadbasket.

The price of corn jumped 1.7 percent to $8.3875 a bushel, while soybeans finished at $17.3025 a bushel, up 2.8 percent from Tuesday.

That left the corn price up 68 percent from June and soybeans 39 percent higher.

An all-time record hot July accompanied by nearly three months of extreme drought have baked the country's prime farmland in the midwestern and central states, where the world's largest corn and soybean crops are grown.

Prices jumped after reports from the annual Pro Farmer Midwest Tour gave analysts and traders more bad news on the state of the crops.

"Crops in western Ohio and eastern Indiana were far below the norm," said Pro Farmer analyst Brian Grete.

Yields in South Dakota meanwhile were called "stunningly low."

[link to www.france24.com]
 Quoting: THE INQUISADOR




Thread: IS THERE A CORN SHORTAGE BECAUSE WE SOLD IT ALL TO MEXICO?!

US sells country historic amount

THE NEWS

The United States announced yesterday that it will sell 1.516 million tons of corn to Mexico, the fourth largest sale of corn to a foreign country U.S. history.

Corn producers and exporters told the U.S. Department of Agriculture, or USDA, that they will sell Mexico 982,980 tons of corn during the 2012-2013 marketing year and 533, 400 tons during the 2013-2014 marketing year.

The 2012-2013 marketing year begins on September 1.
THE INQUISADOR  (OP)

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08/22/2012 06:33 PM
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Re: US corn, soy prices hit records as drought lingers
AFP - US corn and soybean prices closed at new record highs Tuesday as a new survey showed worse-than-expected crop damage from a brutal drought across the country's central breadbasket.

The price of corn jumped 1.7 percent to $8.3875 a bushel, while soybeans finished at $17.3025 a bushel, up 2.8 percent from Tuesday.

That left the corn price up 68 percent from June and soybeans 39 percent higher.

An all-time record hot July accompanied by nearly three months of extreme drought have baked the country's prime farmland in the midwestern and central states, where the world's largest corn and soybean crops are grown.

Prices jumped after reports from the annual Pro Farmer Midwest Tour gave analysts and traders more bad news on the state of the crops.

"Crops in western Ohio and eastern Indiana were far below the norm," said Pro Farmer analyst Brian Grete.

Yields in South Dakota meanwhile were called "stunningly low."

[link to www.france24.com]
 Quoting: THE INQUISADOR




Thread: IS THERE A CORN SHORTAGE BECAUSE WE SOLD IT ALL TO MEXICO?!

US sells country historic amount

THE NEWS

The United States announced yesterday that it will sell 1.516 million tons of corn to Mexico, the fourth largest sale of corn to a foreign country U.S. history.

Corn producers and exporters told the U.S. Department of Agriculture, or USDA, that they will sell Mexico 982,980 tons of corn during the 2012-2013 marketing year and 533, 400 tons during the 2013-2014 marketing year.

The 2012-2013 marketing year begins on September 1.
 Quoting: Anonymous Coward 9277476


Typical..we will have problems with our food and the assholes sell it off.
:nose23l36:
SCOTLAND FOREVER
America is the Grand Experiment..Let us not Fail..
Listed Number 1 in the Guinness World Record Book of EXTRA LARGE Steel Balls
Opinions are like Farts..Only the very best linger on and on
Great Men wake up to slay spam tards. Most are content to chase lizards. Therein lies the difference. Live Brave.LIVE FREE.
Murphy is my patron Saint.
I SIGN MY NEG KARMA
Anonymous Coward
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08/22/2012 06:36 PM
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Re: US corn, soy prices hit records as drought lingers
Exactly. Who makes the decision to sell off our corn to Mexico when there's a shortage?
FatalW1shes

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08/22/2012 06:37 PM
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Re: US corn, soy prices hit records as drought lingers
Got almost 4" of rain here the last week in Fort Worth.


Pretty impressive for August. And the temps are WAY down.
THE INQUISADOR  (OP)

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08/22/2012 06:37 PM
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Re: US corn, soy prices hit records as drought lingers
Exactly. Who makes the decision to sell off our corn to Mexico when there's a shortage?
 Quoting: Anonymous Coward 9277476


Guess whooridin
:nose23l36:
SCOTLAND FOREVER
America is the Grand Experiment..Let us not Fail..
Listed Number 1 in the Guinness World Record Book of EXTRA LARGE Steel Balls
Opinions are like Farts..Only the very best linger on and on
Great Men wake up to slay spam tards. Most are content to chase lizards. Therein lies the difference. Live Brave.LIVE FREE.
Murphy is my patron Saint.
I SIGN MY NEG KARMA
THE INQUISADOR  (OP)

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08/22/2012 06:37 PM
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Re: US corn, soy prices hit records as drought lingers
Got almost 4" of rain here the last week in Fort Worth.


Pretty impressive for August. And the temps are WAY down.
 Quoting: FatalW1shes


yup winter is just around the corner
:nose23l36:
SCOTLAND FOREVER
America is the Grand Experiment..Let us not Fail..
Listed Number 1 in the Guinness World Record Book of EXTRA LARGE Steel Balls
Opinions are like Farts..Only the very best linger on and on
Great Men wake up to slay spam tards. Most are content to chase lizards. Therein lies the difference. Live Brave.LIVE FREE.
Murphy is my patron Saint.
I SIGN MY NEG KARMA
BRIEF

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08/22/2012 06:40 PM

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Re: US corn, soy prices hit records as drought lingers
Got almost 4" of rain here the last week in Fort Worth.


Pretty impressive for August. And the temps are WAY down.
 Quoting: FatalW1shes


Yeah but torrential downpours do little for soil saturation...it either just runs off or actually erodes and washes topsoil away...
I never forgive and I never forget

I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.

Briefcut4892
THE INQUISADOR  (OP)

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08/22/2012 06:41 PM
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Re: US corn, soy prices hit records as drought lingers
Got almost 4" of rain here the last week in Fort Worth.


Pretty impressive for August. And the temps are WAY down.
 Quoting: FatalW1shes


Yeah but torrential downpours do little for soil saturation...it either just runs off or actually erodes and washes topsoil away...
 Quoting: BRIEF


true..
:nose23l36:
SCOTLAND FOREVER
America is the Grand Experiment..Let us not Fail..
Listed Number 1 in the Guinness World Record Book of EXTRA LARGE Steel Balls
Opinions are like Farts..Only the very best linger on and on
Great Men wake up to slay spam tards. Most are content to chase lizards. Therein lies the difference. Live Brave.LIVE FREE.
Murphy is my patron Saint.
I SIGN MY NEG KARMA
Anonymous Coward
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08/22/2012 06:42 PM
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Re: US corn, soy prices hit records as drought lingers
Interesting.

Today, I was talking to our neighbors who have a vacation home here. They live in Ohio, and come to Northern New Mexico several times during the year.

They were mentioning that they could not believe their eyes as they drove here last week. They said they saw one bare field after the other, from Ohio and through Colorado.

This "famine" is going to push prices sky-high at a time when budgets are already strained.
Anonymous Coward
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08/22/2012 06:45 PM
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Re: US corn, soy prices hit records as drought lingers
Anonymous Coward
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08/22/2012 06:46 PM
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Re: US corn, soy prices hit records as drought lingers
BRIEF

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08/22/2012 06:46 PM

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Re: US corn, soy prices hit records as drought lingers
Yall made me hungry, time for some corn chips...
I never forgive and I never forget

I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.

Briefcut4892
Anonymous Coward
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08/22/2012 06:49 PM
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Re: US corn, soy prices hit records as drought lingers
Yall made me hungry, time for some corn chips...
 Quoting: BRIEF


cheers
Anonymous Coward
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08/22/2012 07:18 PM
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Re: US corn, soy prices hit records as drought lingers
Wonder if it's Mother Nature's way of killing off the genetically modified corn and soy...

Either way, with or without the drought, good people suffer. Hard times we live in.
BRIEF

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08/22/2012 07:22 PM

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Re: US corn, soy prices hit records as drought lingers
Wonder if it's Mother Nature's way of killing off the genetically modified corn and soy...

Either way, with or without the drought, good people suffer. Hard times we live in.
 Quoting: Anonymous Coward 18997681


GMO is made to better survive so that we can feed the whole world...which we can't do anyway, so we need to go back to small private farms and tell the rest of the world tough shit.
I never forgive and I never forget

I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.

Briefcut4892
Anonymous Coward
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08/22/2012 07:26 PM
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Re: US corn, soy prices hit records as drought lingers
Wonder if it's Mother Nature's way of killing off the genetically modified corn and soy...

Either way, with or without the drought, good people suffer. Hard times we live in.
 Quoting: Anonymous Coward 18997681


GMO is made to better survive so that we can feed the whole world...which we can't do anyway, so we need to go back to small private farms and tell the rest of the world tough shit.
 Quoting: BRIEF


what about the Africans?

:bad_smile:
Anonymous Coward
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08/22/2012 07:27 PM
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Re: US corn, soy prices hit records as drought lingers
GLPer's all know about geo-engineering. You are going to tell me that it is possible to cause droughts and floods in war torn countries but we can not help our farmers? BS
BRIEF

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08/22/2012 07:28 PM

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Re: US corn, soy prices hit records as drought lingers
Wonder if it's Mother Nature's way of killing off the genetically modified corn and soy...

Either way, with or without the drought, good people suffer. Hard times we live in.
 Quoting: Anonymous Coward 18997681


GMO is made to better survive so that we can feed the whole world...which we can't do anyway, so we need to go back to small private farms and tell the rest of the world tough shit.
 Quoting: BRIEF


what about the Africans?

:bad_smile:
 Quoting: Anonymous Coward 10264951


We send them bulk grains but they can't mill it or make anything with it...that takes intelligence
I never forgive and I never forget

I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.

Briefcut4892
THE INQUISADOR  (OP)

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08/22/2012 07:29 PM
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Re: US corn, soy prices hit records as drought lingers
Wonder if it's Mother Nature's way of killing off the genetically modified corn and soy...

Either way, with or without the drought, good people suffer. Hard times we live in.
 Quoting: Anonymous Coward 18997681


GMO is made to better survive so that we can feed the whole world...which we can't do anyway, so we need to go back to small private farms and tell the rest of the world tough shit.
 Quoting: BRIEF


what about the Africans?

:bad_smile:
 Quoting: Anonymous Coward 10264951


We send them bulk grains but they can't mill it or make anything with it...that takes intelligence
 Quoting: BRIEF



yup no brains are in use here
:nose23l36:
SCOTLAND FOREVER
America is the Grand Experiment..Let us not Fail..
Listed Number 1 in the Guinness World Record Book of EXTRA LARGE Steel Balls
Opinions are like Farts..Only the very best linger on and on
Great Men wake up to slay spam tards. Most are content to chase lizards. Therein lies the difference. Live Brave.LIVE FREE.
Murphy is my patron Saint.
I SIGN MY NEG KARMA
Anonymous Coward
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08/22/2012 08:24 PM
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Re: US corn, soy prices hit records as drought lingers
Exactly. Who makes the decision to sell off our corn to Mexico when there's a shortage?
 Quoting: Anonymous Coward 9277476


Probably a private corporation like "Cargill".
The US govt no longer controls stockpiles of grain....all in private corporate hands now.
Anonymous Coward
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Argentina
08/22/2012 08:25 PM
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Re: US corn, soy prices hit records as drought lingers
Argentina's booooost!
Anonymous Coward
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08/22/2012 08:35 PM
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Re: US corn, soy prices hit records as drought lingers
AFP - US corn and soybean prices closed at new record highs Tuesday as a new survey showed worse-than-expected crop damage from a brutal drought across the country's central breadbasket.

The price of corn jumped 1.7 percent to $8.3875 a bushel, while soybeans finished at $17.3025 a bushel, up 2.8 percent from Tuesday.

That left the corn price up 68 percent from June and soybeans 39 percent higher.

An all-time record hot July accompanied by nearly three months of extreme drought have baked the country's prime farmland in the midwestern and central states, where the world's largest corn and soybean crops are grown.

Prices jumped after reports from the annual Pro Farmer Midwest Tour gave analysts and traders more bad news on the state of the crops.

"Crops in western Ohio and eastern Indiana were far below the norm," said Pro Farmer analyst Brian Grete.

Yields in South Dakota meanwhile were called "stunningly low."

[link to www.france24.com]
 Quoting: THE INQUISADOR




This is what happens when you ACCEPT Isra el's cheap and modified seeds.
Anonymous Coward
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08/22/2012 08:40 PM
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Re: US corn, soy prices hit records as drought lingers
Got almost 4" of rain here the last week in Fort Worth.


Pretty impressive for August. And the temps are WAY down.
 Quoting: FatalW1shes


And we still have only got one good cutting on the hay fields! Rain is not our only issue here.....
Eagle # 1
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08/22/2012 08:53 PM
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Re: US corn, soy prices hit records as drought lingers
ONLY read part of first page ...... BUT THE 'KICKER' IS ... (* DRUM ROLL ! )

OPTIONS WERE SOLD THIS SPRING ON THOSE CROPS TO OTHER COUNTRIES !

NO ONE know what percent of the REMAINING crop will be LEFT, once they have their options satisfied ! 30, 20 10 % ?

Got ANY foods stored up from LAST years crop, GRASSHOPPERS ?

No, I didn't think so !

Eagle
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08/22/2012 09:00 PM
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Re: US corn, soy prices hit records as drought lingers
bump





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