Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

America’s drought pain is Argentina’s revenue gain as prices soar for soy, corn, wheat
WP ^ | 07/1912

Posted on 07/21/2012 7:58:28 PM PDT by TigerLikesRooster

America’s drought pain is Argentina’s revenue gain as prices soar for soy, corn, wheat

By Associated Press, Published: July 19

BUENOS AIRES, Argentina — America’s loss is Argentina’s gain. Record soy prices due to a punishing drought in the U.S. heartland are expected to create billions of dollars in new revenue for the South American country, which is the world’s third-largest soy producer behind the U.S. and Brazil.

Prices for soybeans for August delivery gained 50.25 cents, or 3 percent, to end at $17.3375 a bushel. Corn also beat its all-time high of a year ago, with September deliveries rising 12.75 cents to finish at $8.0775 per bushel. September wheat also rose a sharp 31.75 cents to close at $9.35 per bushel on the Chicago Board of Trade, its highest prices since 2008.

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: argentina; commodity; drought; grain

1 posted on 07/21/2012 7:58:41 PM PDT by TigerLikesRooster
[ Post Reply | Private Reply | View Replies]

To: TigerLikesRooster

B-B-But it is said right here on FR that drought grain loss is irreplaceable and we’re all gonna starve, or something...


2 posted on 07/21/2012 8:01:59 PM PDT by jjotto ("Ya could look it up!")
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigerLikesRooster

Good, stop converting corn into ethanol


3 posted on 07/21/2012 8:05:28 PM PDT by Steven Tyler
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...

P!


4 posted on 07/21/2012 8:07:42 PM PDT by TigerLikesRooster (The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jjotto
B-B-But it is said right here on FR that drought grain loss is irreplaceable and we’re all gonna starve, or something...

Obviously you are NOT a farmer of any kind. AND have NO clue as to what is required year in and year out to plant crops. Farmers most especially the smaller ones are going to need TAXPAYER assistance IF they borrowed money to plant corn and there is NONE to harvest.

5 posted on 07/21/2012 8:08:31 PM PDT by Just mythoughts (Luke 17:32 Remember Lot's wife.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Just mythoughts

Note to American farmers: America is broke. There is no more money. If you can’t pay your loans, hire a bankruptcy attorney.

There will be no bailouts.

That is all.


6 posted on 07/21/2012 8:12:06 PM PDT by Lurker (Violence is rarely the answer. But when it is, it is the only answer.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Just mythoughts
Farmers most especially the smaller ones are going to need TAXPAYER assistance

You can't make this stuff up, folks! Right here on FR!

7 posted on 07/21/2012 8:15:18 PM PDT by jjotto ("Ya could look it up!")
[ Post Reply | Private Reply | To 5 | View Replies]

To: Just mythoughts

Just about everyone I know bought crop insurance.


8 posted on 07/21/2012 8:17:33 PM PDT by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Lurker
Note to American farmers: America is broke. There is no more money. If you can’t pay your loans, hire a bankruptcy attorney. There will be no bailouts. That is all.

WHAT??? In the era of 'compassion' and an election year to boot? I cannot wait for the belly aching threads over the cost of meat of all kinds. Cereals, anything made with corn, wheat, and soy beans. I am smack dab in the middle of this drought and I am starting to see some of my old mature trees dying. Amazing how few 'bugs' of any kind can be found flying around lights at night.

Strange how people react when their livelihood is NOT getting destroyed.

9 posted on 07/21/2012 8:20:23 PM PDT by Just mythoughts (Luke 17:32 Remember Lot's wife.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Lurker

Barak Obama.....”Shut up and eat your soybeans.”


10 posted on 07/21/2012 8:24:01 PM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Farmer Dean
Just about everyone I know bought crop insurance.

Sure there is crop insurance. However, with the vast widespread drought, how far is that insurance going to cover? What, first come first serve.... a run on the insurance vault?

Last I heard 80 some counties in Kansas have been declared a disaster... which means 'government' assistance in some form.

11 posted on 07/21/2012 8:26:00 PM PDT by Just mythoughts (Luke 17:32 Remember Lot's wife.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: TigerLikesRooster

as consumers - we must walk away from Corn products - all of them...it’s feeding this huge govt. machine...

Watch: FOOD, INC on Netflix - it’s all there...

This nonsense and chaos has got to stop - and not participating in it is the only way it’s going to happen...govt leaders aren’t going to do it...just like tobacco — it just be a choice of the Citizen... and it has to start now...Don’t but CORN products - support local farmers and eat what is in season!


12 posted on 07/21/2012 8:28:37 PM PDT by BCW (http://babylonscovertwar.com/index.html)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jjotto
Farmers most especially the smaller ones are going to need TAXPAYER assistance.

You can't make this stuff up, folks! Right here on FR!

Try NOT to be so shortsighted. This is an election year and these politicians are NOT going to ignore the plight of so many states.

13 posted on 07/21/2012 8:29:25 PM PDT by Just mythoughts (Luke 17:32 Remember Lot's wife.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: TigerLikesRooster
America’s loss is Argentina’s gain. Record soy prices due to a punishing drought in the U.S. heartland are expected to create billions of dollars in new revenue for the South American country, which is the world’s third-largest soy producer

We can thank J. Carter for this. When he announced the grain boycott against the USSR in 1980, Japan felt the need to find a more "reliable" supplier and helped finance the cutting down of the rain forest in South America to plant soy beans. Ole Jimmy killed two birds with one stone!

14 posted on 07/21/2012 8:37:16 PM PDT by Former Fetus (Saved by grace through faith)
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigerLikesRooster
From the ‘30s to ‘10s for damn near 90 years every socialist country has had crippling droughts. Funny how draughts are always worse in socialist countries. Usually after 5 or 6 years they cannot feed themselves. Back in the old days, the US always fed them. I wonder who will feed us. It is starting to look like the chickens really have come home to roost.
Last one out turn off ......oh hell they will be off long before that.
15 posted on 07/21/2012 8:55:48 PM PDT by Tupelo (TeaPartier ..... but no longer a Republican)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Tupelo

RE: From the ?30s to ?10s for damn near 90 years every socialist country has had crippling droughts.
Thank you sir. Actual proof of man made climate change. in the secundary at least


16 posted on 07/21/2012 9:06:24 PM PDT by Dosa26 (JURY NULLIFICATION! IT'S THE LAW)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Tupelo

If they cannot feed everybody, they will show up with guns and confiscate grains from farmers, leaving farmers starved to death(Ukraine famine and N. Korea in 2011~12.) They will only feed their own constituency.


17 posted on 07/21/2012 9:10:08 PM PDT by TigerLikesRooster (The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Just mythoughts

Don’t forget most farmland in the USA has tripled in value in the last 5 years so there is a tremendous amount of equity on the farms.


18 posted on 07/21/2012 10:04:13 PM PDT by nodakkid
[ Post Reply | Private Reply | To 11 | View Replies]

To: Just mythoughts
"Last I heard 80 some counties in Kansas have been declared a disaster... which means 'government' assistance in some form."

Disaster declarations mean that farmers *may* be eligible for low-interest loans to get by. A farmer still has to apply and meet eligibility requirements, including an ability to repay the loan. That is pretty much the extent of "assistance".

19 posted on 07/21/2012 10:44:50 PM PDT by JustaDumbBlonde (Don't wish doom on your enemies ... plan it.)
[ Post Reply | Private Reply | To 11 | View Replies]

To: TigerLikesRooster

“I’m thinking of buying October wheat. What do you think, Valentine?”


20 posted on 07/21/2012 11:36:44 PM PDT by MichaelCorleone ('We the People' can and will take this country back...starting today.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Just mythoughts
It is the era of Obama, Everybody is having their lively hood destroyed. Outside of Bankruptcy and Disability Attorneys there is little growth industry.
21 posted on 07/21/2012 11:39:21 PM PDT by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Just mythoughts

Odd to drive I 80 today through Iowa and not have my windshield covered with bugs. Livestock numbets are being culled now. This will ripple.p


22 posted on 07/22/2012 12:05:34 AM PDT by HereInTheHeartland ("The writing is on the wall - Unions are screwed. reformist2 10:04 PM #27")
[ Post Reply | Private Reply | To 9 | View Replies]

To: TigerLikesRooster

The US corn supply shrinking from 13 billion bushels to 9-10-11 billion bushels isn’t going to starve anyone, especially with record world supplies.


23 posted on 07/22/2012 9:32:19 AM PDT by jjotto ("Ya could look it up!")
[ Post Reply | Private Reply | To 17 | View Replies]

To: JustaDumbBlonde
Disaster declarations mean that farmers *may* be eligible for low-interest loans to get by. A farmer still has to apply and meet eligibility requirements, including an ability to repay the loan. That is pretty much the extent of "assistance"

Unless you are a "minority" and have been "denied" this "assistance" in the past.

24 posted on 07/22/2012 1:04:55 PM PDT by Western Phil
[ Post Reply | Private Reply | To 19 | View Replies]

To: TigerLikesRooster

Argentina will definitely benefit from sales of grain that are still in storage from the last harvest. What the article does not set out clearly is that Argentina’s spring planting has not been done. Argentina could very well have similar weather problems and/or natural disasters. You can’t count the cash until the crop is out of the field. Theirs is not even *in* the field yet.


25 posted on 07/22/2012 1:38:42 PM PDT by JustaDumbBlonde (Don't wish doom on your enemies ... plan it.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: HereInTheHeartland

http://www.komu.com/news/usda-declares-all-missouri-counties-disaster-areas-because-of-heat-drought/

“USDA Declares All Missouri Counties Disaster Areas Because of Heat, Drought”
I am hearing the same thing about livestock around these parts.


26 posted on 07/22/2012 10:14:20 PM PDT by Just mythoughts (Luke 17:32 Remember Lot's wife.)
[ Post Reply | Private Reply | To 22 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson