Mountain Man
05-30-2009, 08:34 PM
Some times in life , if the news is bad , we would like to "shoot the messenger" , who disturbs our comfortable feeling of not knowing what is really going on. In the case of food and the value of our dollar , a so called "perfect storm" is approaching us from many directions. In the old days the United States was required by law (currently ignored) to store huge quantities of wheat and other grains for potential bad years of harvest. In the last decade the amount stored has dwindled to nothing. There is no storage now. Here below is a LINK to a long and detailed article about poor harvests, drought, and other weather happenings which foretell poor harvests in most of the countries of the world. I have offered to you the headline and the final sumation only with the urging to buy your wheat and other grains now at the very last moment so to speak. Mountain man
Friday, May 29, 2009
Terrible Outlook For 2009 Global Wheat Output (http://www.marketskeptics.com/2009/05/terrible-outlook-for-this-years-weat.html)
by Eric deCarbonnel ([email protected])
My reaction: The numbers for this year?s wheat output are horrible.
1) Romania = output wheat down -30%
2) Ukraine = output wheat down -27%
3) Hungary = output wheat down -28.5%
4) Czech = output wheat down -20%
5) Bulgaria = output wheat down -30%
6) Poland = output wheat down -10%
7) Spain = output wheat down -42%
8) Australia = output down -10-35%
9) Argentina = output down -34%
10) China = output down -20% or more
11) US = output down -20% or more
12) Canada = output down -12%
13) Russia = output wheat down -21.5%
Conclusion: Nothing has changed. Estimates for agricultural production are being continuously downgraded every month. Droughts, under planting, and lack of credit have devastated global agricultural output. The world is still facing food shortages in 2009. ?
[/URL]
[URL="http://www.marketskeptics.com/2009/05/terrible-outlook-for-this-years-weat.html"]http://www.marketskeptics.com/2009/05/terrible-outlook-for-this-years-weat.html (http://www.blogger.com/post-edit.g?blogID=502356674750161309&postID=577437877965627793)
Friday, May 29, 2009
Terrible Outlook For 2009 Global Wheat Output (http://www.marketskeptics.com/2009/05/terrible-outlook-for-this-years-weat.html)
by Eric deCarbonnel ([email protected])
My reaction: The numbers for this year?s wheat output are horrible.
1) Romania = output wheat down -30%
2) Ukraine = output wheat down -27%
3) Hungary = output wheat down -28.5%
4) Czech = output wheat down -20%
5) Bulgaria = output wheat down -30%
6) Poland = output wheat down -10%
7) Spain = output wheat down -42%
8) Australia = output down -10-35%
9) Argentina = output down -34%
10) China = output down -20% or more
11) US = output down -20% or more
12) Canada = output down -12%
13) Russia = output wheat down -21.5%
Conclusion: Nothing has changed. Estimates for agricultural production are being continuously downgraded every month. Droughts, under planting, and lack of credit have devastated global agricultural output. The world is still facing food shortages in 2009. ?
[/URL]
[URL="http://www.marketskeptics.com/2009/05/terrible-outlook-for-this-years-weat.html"]http://www.marketskeptics.com/2009/05/terrible-outlook-for-this-years-weat.html (http://www.blogger.com/post-edit.g?blogID=502356674750161309&postID=577437877965627793)