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Corn: New All-Time Highs
http://barnhardt.biz/ ^ | July 30 | Ann Barnhardt.biz

Posted on 07/31/2012 12:01:39 PM PDT by American in Israel

Corn is now trading at new forever-and-ever all-time highs. This is significant. There is a massive seasonal pressure in the corn market that exerts itself at the Fourth of July when the trade feels that any adverse weather is already priced in to the market. We're almost a month past that psychological "seasonal top" and have just broken out to new all-time highs - surpassing 2008. That means that the crop is even worse than the gloomiest-and-doomiest estimates from the first week of July supposed, and that we're not "priced in". GULP.

Corn could go parabolic, much like the wheat market of 2008 (Minneapolis Wheat penetrated $20.00 per bushel), and if corn goes, beans will go ape.

And this, ladies and gentlemen, is the reason why people like Corzine, Abelow, Duffy, Gensler, Wasendorf, Lauren Brinati, the entire staff of the NFA and so many more are TRAITORS to their nation, and should be tried and have justice done upon them as such. Farmers, grain elevators, ranchers and meat animal producers should be able to use Chicago right now to establish price floors and ceilings and manage their risk. But they can't without entering into contracts and instruments that they know are rigged and that may well end up stealing all of their equity. It's like being told that if you want to go to the emergency room to treat your injuries from a car wreck you certainly can, but your doctor will be Charles Manson and your nurse will be Jeffrey Dahmer.

So, it's either go home and bleed to death or be raped and then eaten by psychopaths.

What a choice.

Welcome to Marxist hell...


TOPICS: Business/Economy
KEYWORDS: annbarnhardt; barnhardt; corn; drought; ethanol; grain; market; sourcetitlenoturl

1 posted on 07/31/2012 12:01:50 PM PDT by American in Israel
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To: American in Israel

Corn is to valuable to be used in making fuel.

It is like feeding your dog ribeyes.


2 posted on 07/31/2012 12:09:27 PM PDT by hadaclueonce (you are paying 12% more for fuel because of Ethanol. Smile big Corn Lobby,)
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To: American in Israel

Its a good thing too the EPA requires corn-ethanol to be added to our gasoline. We are so good to the environment and are saving so much money!

/s


3 posted on 07/31/2012 12:10:26 PM PDT by PGR88
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To: American in Israel

They recenty upped the ethonol mandate by 50% I think, plus the economy and paying farmers not to farm is driving food prices crazy.

Of course food and energy prices don’t get counted as “inflation”


4 posted on 07/31/2012 12:11:37 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: hadaclueonce

If the people that make ribeyes, (ranchers) want Congress to get rid of the ethanol mandate, they need to attach a pile of hundred dollar bills to their request. Otherwise, they won’t get squat.


5 posted on 07/31/2012 12:11:53 PM PDT by sportutegrl
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To: American in Israel

If we had a govt that cared about all the people they would now pull the plug on ethanol. The extra demand is going to cause the price of corn to spike..the world wide consumer is going to take it in the shorts.


6 posted on 07/31/2012 12:12:17 PM PDT by Oldexpat
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To: American in Israel

I live in Indiana; we are in one of the worst droughts I can remember. The corn is stunted, and got virtually no rain during the June/July pollination period. The corn crop here will be a disaster. The beans don’t look as bad, but I suspect they won’t be much better than the corn crop. From what I hear, Wisconsin, Illinois & Iowa also suffered from drought.

It will be a bloodbath on the grain markets, and the farmers are going to get the shaft because no matter what happens to grain prices, the yields just won’t be there.

Goes to show yet another fallacy of a “green energy” initiative. Ethanol production will suffer, and it will be more expensive to dilute our gasoline with it. It’s stupid to shackle our energy prices to something that depends on fickle weather.

Ethanol belongs in a cold drink in my hand, not in my gas tank.


7 posted on 07/31/2012 12:14:52 PM PDT by henkster (We're the slaves of the phony leaders...)
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To: GeronL

Here in Indiana, ethanol plants are closing up faster than K-marts in the 90s.

Congress eliminated the subsidy for domestic production and eliminated the tariff on imports end of 2011.

I’m assuming Brazil is gaining market share with sugar alky.


8 posted on 07/31/2012 12:15:32 PM PDT by nascarnation
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To: PGR88
Its a good thing too the EPA requires corn-ethanol to be added to our gasoline.

It's genius. Greeners are such idiots. Corn ethanol is such a stable additive. You know we never get droughts or freezes or floods to mess with the crops - NEVER. So it is save to say that we will always have a good crop of corn for our ethanol. What idiots. Oil is always available, gas is available but corn is always a must have. Environmentalists are nuts.

9 posted on 07/31/2012 12:20:22 PM PDT by Bitsy
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To: American in Israel

Locally, a 50 lb. bag of dent at the feed store has shot up from $10 to $11.50 in a short time.


10 posted on 07/31/2012 12:29:58 PM PDT by Iron Munro ("Jiggle the Handle for Barry!")
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To: hadaclueonce
It is like feeding your dog ribeyes.

My Lab doesn't get the point of that.

11 posted on 07/31/2012 12:32:14 PM PDT by MileHi ( "It's coming down to patriots vs the politicians." - ovrtaxt)
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To: henkster
Checkout out this article on drought. The authors say this exceptionally dry year will be viewed as "the good old days" when we had moisture to grow anything.

The comments on the link suggest that the movement of earth's magnetic north pole is responsible for the shift of the jet stream and consequent change of weather patterns. The pole has been moving so much that airports are having to repaint the magnetic orientation on the ends of the runways. This shift of the magnetic pole happens periodically. There isn't squat anyone can do about it.

12 posted on 07/31/2012 12:32:43 PM PDT by Myrddin
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To: Iron Munro
I have a problem with gluten intolerance and problems with casein. I usually purchase a 6 lb bag of chocolate flavored pure whey protein at Costco. That cost $19.99 just 18 months ago. It lasts about 90 days with a serving per day. My last bag cost $39.99 last month. I opened it last night. When I was visiting my home in Idaho over the weekend, my wife asked if I wanted to pick up another bag of the whey protein. I was shocked to see it priced at $48.99 yesterday. Holy crap. The price is skyrocketing.
13 posted on 07/31/2012 12:41:18 PM PDT by Myrddin
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To: PGR88

Ah, yes, isn’t it grand? And to think, ethanol even pollutes more than gasoline does, but we’re not supposed to know that.


14 posted on 07/31/2012 12:49:23 PM PDT by Pining_4_TX ( The state is the great fiction by which everybody seeks to live at the expense of everybody else. ~)
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To: Pining_4_TX
Ethanol burns hotter and damages small engines and marine engines. It lowers MPG and power, so you have to burn more fuel to achieve the same distance. Brilliant.
15 posted on 07/31/2012 12:55:02 PM PDT by Myrddin
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To: Myrddin

You’re not supposed to know that, either. ;-)


16 posted on 07/31/2012 12:56:30 PM PDT by Pining_4_TX ( The state is the great fiction by which everybody seeks to live at the expense of everybody else. ~)
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To: Myrddin

Can you use Soy?

Personally, I’m stocking up on bacon. I can’t stand the stuff but it’s full of protein and a little goes a long way.

Bacon fat is what my parent’s families lived on in the depression. It really adds to the rice and beans.


17 posted on 07/31/2012 1:04:09 PM PDT by netmilsmom (Romney scares me. Obama is the freaking nightmare that is so bad you are afraid to go back to sleep)
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To: American in Israel

Sweet! yummy.. love it. white or yellow, no matter.

This is gonna bum out the po’ folk in Mejico who will have to make a tortilla stretch a country kilometer farther with this latest hit.. not to mention all the ranchers and livestock folk who use corn to feed their herds.

To waiver or not to waiver?
What will the 3rd Term of the Clinton Administration do?


18 posted on 07/31/2012 1:37:09 PM PDT by NormsRevenge (Semper Fi)
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To: henkster

The USDA is predicting the third highest yield in history according to articles last week.


19 posted on 07/31/2012 1:40:11 PM PDT by Darth Reardon (No offense to drunken sailors)
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To: netmilsmom
My breakfast is typically 8 oz of DHA enriched soy milk, a scoop of chocolate whey protein and a tablespoon of Yerba Prima "Colon Care" to give the mix a smooth consistency. That is used to wash down a big handful of vitamins.

I purchased large numbers of 45# buckets of wheat in nitrogen years ago. I've had to purchase rice and beans to supplement that so I would have anything at all to eat. The wheat may end up as a barter item as everyone in the household has some degree of allergic reaction to it.

20 posted on 07/31/2012 2:15:23 PM PDT by Myrddin
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To: nascarnation

“I’m assuming Brazil is gaining market share with sugar alky.”

Countries like Brazil and Indonesia have been cutting down rain forests to create more farm land to grow sugar cane and corn for ethanol. Another brilliant accomplishment courtesy the environmentalist movement.

/s


21 posted on 07/31/2012 2:16:19 PM PDT by haroldeveryman
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To: American in Israel

Isn’t there a passage in Scripture somewhere about the folly of burning food?


22 posted on 07/31/2012 2:54:16 PM PDT by wjcsux ("In a time of universal deceit, telling the truth becomes a revolutionary act." - George Orwell)
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