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Corn Prices Are Popping
BI ^ | 3-31-2014 | Rob Wile

Posted on 03/31/2014 11:49:53 AM PDT by blam

Corn Prices Are Popping

Rob Wile
Mar. 31, 2014, 12:15 PM

  

Corn prices are surging after U.S. farmers said they expect to plant the lowest corn acreage since 2010.

That's because inventories in the world’s biggest grower and exporter jumped 30 percent from a year earlier.

Acreage is estimated to hit 91.691 million, down from 95.365 million a year earlier, according to a survey of more than 84,000 growers released today in Washington, Bloomberg said.

Analysts surveyed by Bloomberg estimated 93.014 million, on average.

Here's how corn reacted to the news:


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


TOPICS: News/Current Events
KEYWORDS: commodities; corn; exports; food; opec; prices

1 posted on 03/31/2014 11:49:54 AM PDT by blam
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To: blam
I just paid $0.78 for a bell pepper the size of a lemon.

The Real Inflation Fear - US Food Prices Are Up 19% In 2014

2 posted on 03/31/2014 11:51:51 AM PDT by blam
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To: blam

Manipulation to further the global warming hoax.


3 posted on 03/31/2014 11:54:22 AM PDT by ButThreeLeftsDo (Support Free Republic!!!)
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To: blam

Supply and demand at work....why again do we subsidize farmers?


4 posted on 03/31/2014 11:54:53 AM PDT by rottndog ('Live Free Or Die' Ain't just words on a bumber sticker...or a tagline.)
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To: blam
I got most of my pepper plants in the ground yesterday. By the end of the week I'll have the tomato plants in the ground.

I can't afford store-bought food, so I grow my own, or kill my own.

/johnny

5 posted on 03/31/2014 11:55:43 AM PDT by JRandomFreeper (Gone Galt)
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To: blam

http://www.rareseeds.com/albino-bullnose-pepper/?F_Keyword=albino%20bullnose

I’ve grown those before. Very productive. They’re perfectly happy in 16” pots if you have a patio or deck. They’ll grow indoors with the right light. I usually ‘help’ my peppers pollinate with a paintbrush just to make sure.


6 posted on 03/31/2014 11:57:01 AM PDT by Black Agnes
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To: blam

We have had a very cold winter. This may also be a reason for concern.

I suspect that wheat will be short this year too. Drought and very cold winter.

I am not a commodities trader, but a producer of wheat seed.


7 posted on 03/31/2014 11:57:59 AM PDT by Texas Fossil (Texas is not where you were born, but a Free State of Heart, Mind & Attitude!)
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To: blam

I remember when we were fed the line, by congress, that putting ethanol in gasoline would keep gasoline prices low as if nobody, in congress LOL, saw this coming. Higher gasoline prices and higher food prices because of ethanol in gasoline. Action / Reaction syndrome ignored by congress again. congress is outstanding in their stupidity.


8 posted on 03/31/2014 11:58:44 AM PDT by no-to-illegals (Scrutinize our government and Secure the Blessing of Freedom and Justice)
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To: JRandomFreeper

GMTA.

Bit later with the nightshade stuff at my house this year. Too cool in my garage until just recently.


9 posted on 03/31/2014 11:58:45 AM PDT by Black Agnes
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To: blam

better put in that “sell” order on Monsanto...


10 posted on 03/31/2014 11:58:48 AM PDT by Buckeye McFrog
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To: rottndog

“why again do we subsidize farmers?”

Because they give lots of money to Congressmen.

When my company was competing against a company that featured a failed technology called “spray cooling” I was listening to a congressional debate when a senator said, “Well, we have this marvelous spray cooling technology. Why aren’t we using that?” (He was the head of the budget committee and that company had relocated to his state.)


11 posted on 03/31/2014 11:58:58 AM PDT by Gen.Blather
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To: no-to-illegals

They’re not stupid. Just corrupt.


12 posted on 03/31/2014 11:59:17 AM PDT by Black Agnes
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To: blam

Corn price today, $4.50 to $4.75 in the Midwest, compared to $8.00 to $8.50 a year ago.


13 posted on 03/31/2014 11:59:26 AM PDT by Balding_Eagle (Over production, one of the top 5 worries for the American Farmer every year.)
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To: JRandomFreeper
"I got most of my pepper plants in the ground yesterday. By the end of the week I'll have the tomato plants in the ground."

I planted peppers and tomatos early last week.

14 posted on 03/31/2014 12:00:00 PM PDT by blam
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To: blam

And isn’t there less ethanol being produced?


15 posted on 03/31/2014 12:00:26 PM PDT by cuban leaf
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To: Black Agnes

yes, both


16 posted on 03/31/2014 12:01:03 PM PDT by no-to-illegals (Scrutinize our government and Secure the Blessing of Freedom and Justice)
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To: ButThreeLeftsDo

Liberals don’t need manipulation ... they call in their pets in the MSM ... and the rest of them are paid shills on the internet. They get their lies out without a lot of work.


17 posted on 03/31/2014 12:01:31 PM PDT by GOPJ (http://fellowshipoftheminds.com/2012/12/12/u-s-physicist-tom-fife-obama-was-groomed-to-be-president-)
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To: JRandomFreeper

“I can’t afford store-bought food, so I grow my own, or kill my own.”

I am following your lead.


18 posted on 03/31/2014 12:11:49 PM PDT by EQAndyBuzz ("Heck of a reset there, Hillary")
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To: Balding_Eagle
Corn price today, $4.50 to $4.75 in the Midwest, compared to $8.00 to $8.50 a year ago.

How do you expect to scare people with facts? You'd never make it as a journalist.

19 posted on 03/31/2014 12:16:06 PM PDT by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: cuban leaf
The best thing that could happen is to get rid of that Ethanol crap. You'd get better mileage and less vehicle repair expenses. Drill baby, Drill.
20 posted on 03/31/2014 12:17:10 PM PDT by McGruff (prop.a.gan.da - information of a biased or misleading nature)
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To: blam

“I planted peppers and tomatos early last week. “

I actually saw a small brown patch of grass today, as some of the snow melted! The way the weather has been boinging up and down, there’s no telling’ when the last frost will be!
I buy mostly frozen veggies, picked at their peak of ripeness and quick frozen. So many “fresh” products are picked unripe, and ripen out of the sun during shipping. But during the season, I have three great farmer’s markets to hit.


21 posted on 03/31/2014 12:18:47 PM PDT by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: McGruff

Yeah. I avoid it when possible. There are actually quite a few places aroun my parts that don’t have the sticker on their pumps. Doesn’t mean the ethanol isn’t in there, but you can usually smell the sweatness of the alcohol.


22 posted on 03/31/2014 12:19:25 PM PDT by cuban leaf
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To: rottndog
"why again do we subsidize farmers?"

Because agriculture is a military sensitive industry. You can't field an army if you can't feed them.

And if your country is dependent on foreign countries for food, you are extremely vulnerable.

23 posted on 03/31/2014 12:19:54 PM PDT by DannyTN ( .)
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To: no-to-illegals
... putting ethanol in gasoline ...

It has long been my opinion that converting food into fuel is a sin. Even if we, as Americans, can afford corn prices somewhat higher, what about the rest of the world where lots of extremely poor people depend on US-grown corn for their staple foods?

We are pushing people into starvation with the false economy of converting corn into motor fuel. It does not save oil at all.

24 posted on 03/31/2014 12:21:05 PM PDT by tpmintx (Gun free zones are hunting preserves for unarmed people.)
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To: DannyTN
You can't field an army if you can't feed them.

You can't field an army if you can't clothe and arm them either...but the private sector seems quite able to do that. How is agriculture different?
25 posted on 03/31/2014 12:23:24 PM PDT by rottndog ('Live Free Or Die' Ain't just words on a bumber sticker...or a tagline.)
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To: rottndog

We can ramp up clothing manufacturing if foreign supply gets cut.

Agriculture takes a little time to ramp up.


26 posted on 03/31/2014 12:24:56 PM PDT by DannyTN ( .)
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To: blam; AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

Peppers are easy to grow, even here in the winter wonderland, but apparently not enough people did it, because the off-season prices are around $1 each.

> inventories... jumped 30 percent from a year earlier. Acreage is estimated to hit 91.691 million, down from 95.365 million a year earlier...


27 posted on 03/31/2014 12:25:47 PM PDT by SunkenCiv (Obama is now making Jimmy Carter look like Attila the Hun. /focus/news/3138768/posts)
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To: tpmintx

So true.


28 posted on 03/31/2014 12:26:02 PM PDT by no-to-illegals (Scrutinize our government and Secure the Blessing of Freedom and Justice)
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To: blam

Good thing it wasn’t a lime................
http://www.freerepublic.com/focus/f-news/3138035/posts


29 posted on 03/31/2014 12:30:43 PM PDT by Red Badger (LIberal is an oxymoron......................)
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To: ButThreeLeftsDo

I hate to say it, but you may be right.

Many people lost because the harvest last year. It was supposed to be a major down year because of the drought. It ended up as a decent harvest.

Popped the land bubble around here also.


30 posted on 03/31/2014 12:38:38 PM PDT by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: blam

“I just paid $0.78 for a bell pepper the size of a lemon”

I just paid $0.88 for a lemon the size of a lemon. :-)


31 posted on 03/31/2014 12:57:12 PM PDT by Georgia Girl 2 (The only purpose o f a pistol is to fight your way back to the rifle you should never have dropped.)
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To: rottndog; Gen.Blather; DannyTN
why again do we subsidize farmers?

The very short, condensed, answer is this: Politicians don't want to face voters angry about food prices.

I have a much more detailed answer, but the last 50 years of farm programs all boil down to the previous sentence.

32 posted on 03/31/2014 2:42:34 PM PDT by Balding_Eagle (Over production, one of the top 5 worries for the American Farmer every year.)
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To: Balding_Eagle

“Politicians don’t want to face voters angry about food prices.”

My understanding of farm “subsidies” is they increase prices. For example, the price of milk is not set by supply and demand. The government decrees it’s x which ensures and ample profit over costs. (It also removes all competition and any incentive to modernize or cut costs.)


33 posted on 03/31/2014 2:46:11 PM PDT by Gen.Blather
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To: Red Badger
" Good thing it wasn’t a lime................ "

(ahem) Did you notice who posted that?

Lime Prices Are Surging (Citrus)

34 posted on 03/31/2014 2:50:53 PM PDT by blam
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To: Balding_Eagle

They could restore the import tariffs, and they wouldn’t have to do as much subsidizing.

Restoring the import tariffs would bring a lot of industries back to America and fix our unemployment problem too.


35 posted on 03/31/2014 2:55:21 PM PDT by DannyTN ( .)
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To: Balding_Eagle

They could restore the import tariffs, and they wouldn’t have to do as much subsidizing.

Restoring the import tariffs would bring a lot of industries back to America and fix our unemployment problem too.


36 posted on 03/31/2014 2:55:21 PM PDT by DannyTN ( .)
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To: DannyTN

That could be an excuse if there were any signs that we’d have an agriculture shortage without subsidies.


37 posted on 03/31/2014 3:20:16 PM PDT by 9YearLurker
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To: 9YearLurker
"That could be an excuse if there were any signs that we’d have an agriculture shortage without subsidies."

Thomas Jefferson didn't think that there would ever be shortages of Manufactured goods either. He thought America would just trade for them.

And then in his words "the unthinkable happened". Europe cut us off. Jefferson realized a strong manufacturing base was essential to protecting a free state.

Both Agriculture and manufacturing are necessary to protect a free state. You are only one UN mandate away from a complete cut off of either when you are dependent on foreign nations.

38 posted on 03/31/2014 3:23:10 PM PDT by DannyTN ( .)
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To: 9YearLurker
"That could be an excuse if there were any signs that we’d have an agriculture shortage without subsidies."

Thomas Jefferson didn't think that there would ever be shortages of Manufactured goods either. He thought America would just trade for them.

And then in his words "the unthinkable happened". Europe cut us off. Jefferson realized a strong manufacturing base was essential to protecting a free state.

Both Agriculture and manufacturing are necessary to protect a free state. You are only one UN mandate away from a complete cut off of either when you are dependent on foreign nations.

39 posted on 03/31/2014 3:23:10 PM PDT by DannyTN ( .)
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To: DannyTN

Quite rightly, none of the founders were in favor of federal subsidies to keep any industries going.

But of course we are now net importers of manufactured goods, but still massive exporters of agricultural products.


40 posted on 03/31/2014 3:29:02 PM PDT by 9YearLurker
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To: ButThreeLeftsDo
Manipulation to further the global warming hoax.

How is this "manipulation"? Please explain with details.

41 posted on 03/31/2014 4:26:43 PM PDT by BfloGuy ( Even the opponents of Socialism are dominated by socialist ideas.)
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To: blam

Yes I did...............;^)


42 posted on 04/01/2014 6:41:28 AM PDT by Red Badger (LIberal is an oxymoron......................)
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To: blam

It’s not the chart that’s devious, it’s the chart maker.


43 posted on 04/01/2014 6:54:35 AM PDT by cornelis
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