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Bloomberg's "Chart Of The Day" Warns Of Coming Surge In Wheat, Corn Prices

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Mon, 12/13/2010 - 01:00 | 801014 Everyman
Everyman's picture

And here comes the price inflation.

Mon, 12/13/2010 - 02:29 | 801086 dukeness
dukeness's picture

Comes?  It's been here since May.  Print On, Brother Ben!

Mon, 12/13/2010 - 04:03 | 801127 morph
morph's picture

You can't make iPads and TV's out of wheat.

Mon, 12/13/2010 - 08:11 | 801208 snowball777
snowball777's picture

You can't sell them with margins to people who spent all their money on eats either.

Mon, 12/13/2010 - 10:19 | 801359 Young
Young's picture

Considering the amounts of food fat ass people in the west consume, this is what's gonna start a war... That or the lack of rare earths to produce iWhatthefuckevers...

Mon, 12/13/2010 - 11:32 | 801500 DaveyJones
DaveyJones's picture

you should work in marketing

Mon, 12/13/2010 - 12:45 | 801682 tamboo
tamboo's picture

au contraire, this one even has a camera, usb, and multitasking!

http://www.saudimac.com/wp-content/uploads/2010/06/Mazen_Al-Angary_iPad_...

Mon, 12/13/2010 - 07:18 | 801185 Sudden Debt
Sudden Debt's picture

LET THIS BE THE DAY THAT POPCORN GOT MORE EXPENSIVE.... the end...

Mon, 12/13/2010 - 07:31 | 801190 LMAO
LMAO's picture

"Chart Of The Day" Warns Of Coming Surge In Wheat, Corn Prices

"And here comes the price inflation"

 

All of this must be extremely good news for the "foodstamp(ede)" programm and the people who are paying for it, or am I missing something?

LMAO

Mon, 12/13/2010 - 08:49 | 801236 Turd Ferguson
Turd Ferguson's picture

Good morning, Mr. Cost.

Hello, Mr. Push.

Btw, I'm all over wheat. Have been for a while. Not even discussed yet is the drought in the winter wheat belt of central NE, western KS, Western OK and into TX. Some places have been 4 weeks with no measurable precip. Very cold and very dry means very bad yield in the spring.

Mon, 12/13/2010 - 08:53 | 801242 Calmyourself
Calmyourself's picture

Is not possible, RNR told me there is no inflation as printing money is not inflationary.. So there..

Mon, 12/13/2010 - 09:34 | 801277 jdrose1985
jdrose1985's picture

It's supply and demand. The article rightfully and plainly states that it is due to crop conditions.

 

Mon, 12/13/2010 - 09:49 | 801303 Calmyourself
Calmyourself's picture

Thats why gas is over $3.00, supply and demand, lots of driving to do in three feet of snow..

Mon, 12/13/2010 - 12:59 | 801722 flattrader
flattrader's picture

If you think simple supply and demand are at work, you are deluded.  Crop conditions is the cover trader use.

Try manipulated supply and demand.

Read what Goldman Sach did to food prices during the last bout of food inflaton.

http://www.rollingstone.com/politics/news/12697/64796

No problem with starving the world's poor.

It's deja vu all over again.  Only this time it will be the middle class here in addition to the poor and working poor here and abroad.

And I'm sure they'll have a hand in rising gas prices, just as the article indicated their past involvement.

Mon, 12/13/2010 - 13:00 | 801723 flattrader
flattrader's picture

If you think simple supply and demand are at work, you are deluded.  Crop conditions is the cover trader use.

Try manipulated supply and demand.

Read what Goldman Sach did to food prices during the last bout of food inflaton.

http://www.rollingstone.com/politics/news/12697/64796

No problem with starving the world's poor.

It's deja vu all over again.  Only this time it will be the middle class here in addition to the poor and working poor here and abroad.

And I'm sure they'll have a hand in rising gas prices, just as the article indicated their past involvement.

Mon, 12/13/2010 - 12:10 | 801590 Red Neck Repugnicant
Red Neck Repugnicant's picture

RNR told me there is no inflation as printing money is not inflationary.. So there..

Don't distort my argument.  That is NOT what I said.

For the 50th time, I said QE2 is not a money printing policy.  


Mon, 12/13/2010 - 12:14 | 801603 DaveyJones
DaveyJones's picture

you could always take your ball and go home

Mon, 12/13/2010 - 01:01 | 801015 Everyman
Everyman's picture

Food, Bitchez!

Mon, 12/13/2010 - 01:25 | 801044 DoChenRollingBearing
DoChenRollingBearing's picture

Paper food: DBA and CORN

Buy real food too.  I am also looking at water treatment options.

Don´t forget the gold and silver which will likely be tradeable for food.

Guns & ammo to protect your real assets.

Mon, 12/13/2010 - 01:39 | 801057 flacon
Mon, 12/13/2010 - 05:33 | 801153 Lets Hang Parliament
Lets Hang Parliament's picture

You are assuming the water company will still be pumping?

Mon, 12/13/2010 - 09:41 | 801290 tmosley
tmosley's picture

Best get yourself a well, AND solar panels to run the pumps.  I did.  Feels good, man.

Mon, 12/13/2010 - 07:22 | 801187 ReeferMac
ReeferMac's picture

Got the same unit!.

With my generator, battery back-ups, and booster-pump setup, I can make potable water w/o the utilities.

Mon, 12/13/2010 - 08:40 | 801231 papaswamp
papaswamp's picture

Hopefully you have a wind and solar generator....gas will run out first. Also gas generators are noisy and say...I have a generator and fuel. 

Mon, 12/13/2010 - 10:19 | 801357 -Michelle-
-Michelle-'s picture

That's why we ultimately decided against purchasing a generator.  The one thing I'd want a generator to run would be our a/c and that would require a huge amount of fuel anyway. 

 

Mon, 12/13/2010 - 10:35 | 801395 Calmyourself
Calmyourself's picture

Dig hole, place the genny level with ground with over head cover, railroad ties, knock almost all DB's off..  Good for running well to fill two 55 gallon water barrels upper floor gives pressure to lower.  Pex fittings to copper, faucets work..

Mon, 12/13/2010 - 11:52 | 801545 hedgeless_horseman
hedgeless_horseman's picture

I don't mind repeating myself:

Simple Pump: http://www.simplepump.com/

It is in the same casing as my electric pump, about 10 feet above the submersible, a couple hundred feet down.  I can charge our pressure tank by hand, or by solar.  Make sure to add a faucet at the well head, too.

Mon, 12/13/2010 - 17:46 | 802742 flattrader
flattrader's picture

I would think that if water and electric utilities are not operating, after a very short time you'll be fair game for scavengers.  Unless your property is fully defensible and your firepower significant, it's only a matter of time before you're found and goodbye to solar panels and gennie.

Think about going mobile.  Sawyer water filters are good if you're on the move.  High capcity and can be back flushed for cleaning.

Having the ability to run your own pump is good only if there is an extended outage or if the cost of electric rises significantly---and that's about all.

Any long term, wide scale disruption of power either signals a breakdown civil order and/or a natural disaster...Hopefully, the latter.  Sometimes people will pull together until infrastructure is set right...somtimes.  I've seen it go both ways.

Mon, 12/13/2010 - 08:25 | 801216 Lndmvr
Lndmvr's picture

Build a still and learn to use it. Clean water from any source, just need a heat source, wood when all else fails. Some corn and potatoes and you can have something to drink and run the car, or generator, or tractor. BTW, older gas tractors are looking better than diesel everyday.

Mon, 12/13/2010 - 10:51 | 801432 High Plains Drifter
High Plains Drifter's picture

Yeh and you can go blind too.

 

Mon, 12/13/2010 - 03:41 | 801116 dark pools of soros
dark pools of soros's picture

Atkins Diet Bitchez!!

Mon, 12/13/2010 - 07:49 | 801198 nmewn
nmewn's picture

LOL

Mon, 12/13/2010 - 09:07 | 801251 Mad Max
Mad Max's picture

And what do you think those steers and chickens eat?

Mon, 12/13/2010 - 09:23 | 801266 Uncle Remus
Uncle Remus's picture

Each other?

Mon, 12/13/2010 - 09:41 | 801291 tmosley
tmosley's picture

Grass and bugs?

Mon, 12/13/2010 - 04:21 | 801130 Devore
Devore's picture

We'll find out soon if you can eat fiat money.

Mon, 12/13/2010 - 09:36 | 801279 jdrose1985
jdrose1985's picture

No, not when it can't be found.

Mon, 12/13/2010 - 01:05 | 801019 palmereldritch
palmereldritch's picture

For some reason I have this song stuck in my head

http://www.youtube.com/watch?v=Sl2fONPgIJE

Mon, 12/13/2010 - 01:58 | 801070 Oppressed In Ca...
Oppressed In California's picture

And when I hear that song, I think of this movie:

Elwood: What kind of music do you usually have here? 

Claire: Oh, we got both kinds. We got country *and* western. 

Mon, 12/13/2010 - 08:14 | 801209 snowball777
snowball777's picture

Chickenwire?!

Mon, 12/13/2010 - 09:39 | 801289 Winisk
Winisk's picture

The best way to herd any animal is to provide the easiest path to where you want them to go and keep them moving.  Don't let them stop and think. 

Mon, 12/13/2010 - 01:08 | 801021 flacon
flacon's picture

I got mine here:

yourfoodstorage.com

I'm thinking about buying the rest of my life's worth of food and storing it. Screw the supermarket! (and Monsanto)

Mon, 12/13/2010 - 01:08 | 801022 RobotTrader
RobotTrader's picture

Weimar right around the corner it seems. No wonder stocks are skying.

Mon, 12/13/2010 - 01:19 | 801036 Golden monkey
Golden monkey's picture

But but, Benny the monkey is a powerful man. His friends in D.C. will help the poor sheeple with price control and free soup.

And there will be no Cubana style scarcity. I know it, because Benny knows it. Benny and the black monkey control everything.

Right?

 

 

Mon, 12/13/2010 - 01:24 | 801042 JimmyTheHand
JimmyTheHand's picture

Hehehe....

"No soup for you!!!"

Sorry, read your post and it reminded me of the soup Nazi on Senfield.

Mon, 12/13/2010 - 02:19 | 801083 Golden monkey
Golden monkey's picture

History proved the Führer was a stupid man.The same will apply for Bernanke.

Got silver? Double soup for you, bitchez!

Mon, 12/13/2010 - 07:04 | 801179 AnAnonymous
AnAnonymous's picture

The US are already at starving the rest of world. They are going to use that natural event to enhance their effort.

Nobody will  be close to know starvation in the US (save the usual suspects who are used to dieing from famine in the US, no matter what) as Bernanke, in a smithian approach, will use the US population as an army of glutoons to increase pressure on food prices.

Instead of that, check your positions on every commodity long contract you hold as many, many countries in the world will have to sell even more of their future to overcome the starvation operation led by the US.

Classical US business style, you should know the drill by now.

Mon, 12/13/2010 - 09:38 | 801287 jdrose1985
jdrose1985's picture

How sad and true at the same time. Just thinking about it last night. Basically the top eliminating the non performers. Eventually it will reach the USA as yield extraction becomes impossible from any place.

Mon, 12/13/2010 - 12:56 | 801710 AnAnonymous
AnAnonymous's picture

I dunno. It has little to do with performing. On the contrary.

That's a free market economy and production is put on the market. Producers have to buy it back. As their production is priced in USD, they stand no chance in any bid contest against the US. No matter how performing they are, the US can cover with a better bid because the US does not pay for USD.

It is impossible to win an auction against the US on commodities.

Mon, 12/13/2010 - 01:10 | 801024 Oh regional Indian
Oh regional Indian's picture

The commodity Complex. So easy to bunch everything in the Complex. Yet, within said complex are so many variable "goods" and "bads", some dependent on other "goods" in said "complex", others stores of "value", yet others slaves to "price".

The master stroke, if there is such a thing when innovation met finance was forcing false arbitrage into "goods" that should have only responded to natural demand/supply constraints.

When this complex complex crashes, it will end up leaving milk being flooded onto dry plains and wheat stocks being bunt to "support" "prices".

Apologies for all the " " but those words are loaded.

Financial innovation, meet your bastard spawn.

ORI

http://aadivaahan.wordpress.com

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