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Corn Opens Limit Up As HFT Robots Parse What "Ninefold Chinese Import Increase" Means In Fortran

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Wed, 02/09/2011 - 10:38 | 946122 SpeakerFTD
SpeakerFTD's picture

But you can't eat corn. Oh wait.

Wed, 02/09/2011 - 10:41 | 946133 ColonelCooper
ColonelCooper's picture

The rice however, is questionable.

Wed, 02/09/2011 - 10:58 | 946207 financeguru500
financeguru500's picture

The real question is How will this affect corn subsidies in the U.S. Will the U.S. still be producing Ethanol when the cost outweighs the benefits?

Wed, 02/09/2011 - 11:03 | 946229 ColonelCooper
ColonelCooper's picture

The cost has outweighed the benefits from day one.  The current ethanol subsidy is just north of 50 cents per gallon.


Wed, 02/09/2011 - 11:23 | 946316 financeguru500
financeguru500's picture

Do you think well ever go back to not using ethanol?

Wed, 02/09/2011 - 11:29 | 946329 Capitalist10
Capitalist10's picture

Good thing we're spending our tax dollars (and borrowing more from the Chinese) for those corn subsidies.  Otherwise, who would grow the stuff?

Wed, 02/09/2011 - 11:28 | 946327 BobPaulson
BobPaulson's picture

Exactly. Even Brazilian sugarcane ethanol is marginal. Dem cornbelt votes is 'spensive.

Wed, 02/09/2011 - 12:01 | 946454 pan-the-ist
pan-the-ist's picture

But it's not socialism when it's requested by a congressman in a Red State.

Wed, 02/09/2011 - 12:07 | 946471 ColonelCooper
ColonelCooper's picture

I think by "Dem", he meant "them".

Wed, 02/09/2011 - 12:23 | 946531 pan-the-ist
pan-the-ist's picture

I know, but I beat farmer socialism horse all the time.

Wed, 02/09/2011 - 12:54 | 946666 ColonelCooper
ColonelCooper's picture

Sorry I butted in.  My bad.

Wed, 02/09/2011 - 12:28 | 946550 tmosley
tmosley's picture

It's ok when they do it.


Wed, 02/09/2011 - 10:41 | 946138 duo
duo's picture

But you can make ethanol out of it and either drink it or mix it with your gasoline.

Wed, 02/09/2011 - 10:53 | 946184 Sudden Debt
Sudden Debt's picture






Wed, 02/09/2011 - 11:48 | 946410 Expat
Expat's picture

The price of the little toys?  That depends on the price of lead, my friend.

Funny, when you think about it.  We barter corn to China in exchange for lead...toys.

Wed, 02/09/2011 - 11:46 | 946401 SteveNYC
SteveNYC's picture

Great, there goes my morning corn flake fix.

Wed, 02/09/2011 - 10:39 | 946124 The Axe
The Axe's picture

Tyler, you were spot ON!!! Long Jiffy Pot

Wed, 02/09/2011 - 10:40 | 946129 Vergeltung
Vergeltung's picture

you mean Jiffy "Pop"?  ;-)

Wed, 02/09/2011 - 10:43 | 946144 papaswamp
papaswamp's picture

Maybe he smokes his corn instead of eating it. Of course this means a bottle of my favorite whiskey is about to rise in price...damn it!

Wed, 02/09/2011 - 10:50 | 946175 Agent P
Agent P's picture

You really should consider the malted barley variety...price has nothing to do with it.

Wed, 02/09/2011 - 12:15 | 946500 Rusty Shorts
Wed, 02/09/2011 - 13:05 | 946719 johnQpublic
johnQpublic's picture

screw your whiskey, whats gonna happen to the price of my corn kernel cat littler?


aint america great, we have cat litter others would eat. Hell, we could eat it.

Wed, 02/09/2011 - 13:35 | 946829 Iam_Silverman
Iam_Silverman's picture

"corn kernel cat littler"

Ummm, don't you mean Corn COB cat litter?

It is also very handy in the tumbler for cleaning up brass picked up at the local outdoor range - with a shot of Flit or Lyman polish, of course!

Ground corn cob has been used for years in many different applications, including animal feed.  Don't know of many humans that have developed a taste for it though.

Wed, 02/09/2011 - 14:22 | 947006 velobabe
velobabe's picture

 use to eat dog biscuits, growing up. i didn't tell any one though†

Wed, 02/09/2011 - 14:36 | 947048 Hephasteus
Hephasteus's picture

I know people who eat dog biscuits as adults. I know people who bake dog biscuits and taste test them.

Wed, 02/09/2011 - 10:53 | 946188 SWRichmond
SWRichmond's picture

as much fun to make as it is to eat, bitches

Wed, 02/09/2011 - 10:58 | 946204 Turd Ferguson
Turd Ferguson's picture

Thanks, TD.

I'd really appreciate it if you could cook up a rally in the bean pit, too, if you get my drift...

Wed, 02/09/2011 - 10:39 | 946126 Vergeltung
Vergeltung's picture

there's great foresight to be found here at ZH.

Wed, 02/09/2011 - 10:51 | 946176 jus_lite_reading
jus_lite_reading's picture

Shhh. that's our secret.

Too bad because when the SHTF, only a select few will know what is going on.. like this "stuff"

The latest national survey by the Pew Research Center for the People & the Press, conducted Feb. 2-7, 2011 among 1,385 adults, finds that nearly half (48%) say they have heard a lot about the anti-government protests in Egypt; about the same proportion (52%) reports hearing little or nothing.

They'd rather watch Dancing with the Stars than to bother with "stuff" like this..

Wed, 02/09/2011 - 10:58 | 946206 IrishSamurai
IrishSamurai's picture

The Keynesian won 2008 with 52% of the vote ... coincidence.  I think not.

Wed, 02/09/2011 - 11:07 | 946247 Hephasteus
Hephasteus's picture

Correlation and causation merge yet again in wedded bliss.

Wed, 02/09/2011 - 11:16 | 946279 LFMayor
LFMayor's picture

That 52% is what we're going to be eating to survive, since big agra will fold when the oil stops being refined. That's the end of corn for a while.
But we might not need them all for food, I remember reading that the Aztecs got by eating only about 11% of their population.  We could possibly take the surplus and harness them to plows and cultivators, to grow non hybrid corn. Kick start the corn market all over again.

Wed, 02/09/2011 - 11:19 | 946300 Dapper Dan
Dapper Dan's picture

You are so sick... sick, sick, sick..................................

um. pass me a breast will ya.

Wed, 02/09/2011 - 11:33 | 946340 Rusty Shorts
Rusty Shorts's picture

"I gnawed off a limb - I'm not saying whose..."

Wed, 02/09/2011 - 11:34 | 946346 robobbob
robobbob's picture

shout out to Jonathan Swift's Modest Proposal

Wed, 02/09/2011 - 11:37 | 946354 countryboy42
countryboy42's picture

So, are vegetarians considered free-range humans?

Wed, 02/09/2011 - 14:26 | 947021 velobabe
velobabe's picture

i some times eat my own skin. not much.

Wed, 02/09/2011 - 11:20 | 946282 LFMayor
LFMayor's picture

Duplicate...  I have now exorcised the foul spirit from my laptop with the blessed refridgerator magnet.

Wed, 02/09/2011 - 10:40 | 946127 Rogerwilco
Rogerwilco's picture


Wed, 02/09/2011 - 11:08 | 946255 pods
pods's picture


Wed, 02/09/2011 - 12:41 | 946605 jus_lite_reading
jus_lite_reading's picture

Fly lice and colin dogs

Wed, 02/09/2011 - 10:40 | 946130 colonial
colonial's picture

Its all the evil speculators Tyler...how much longer will we have to wait for a House or Senate AG committee hearing...its like oil before the 08 crash.  Maybe someone will ask Ben about this today

Wed, 02/09/2011 - 12:05 | 946464 pan-the-ist
pan-the-ist's picture

How high can they push the price of corn before people bail and start eating dirt instead?

Wed, 02/09/2011 - 10:41 | 946135 firstdivision
firstdivision's picture

Corn opens up limit up, and CSC takes a kick in the balls. 

Wed, 02/09/2011 - 10:42 | 946136 papaswamp
papaswamp's picture

...as governments panic and begin to hoard worried about future uprisings.

Wed, 02/09/2011 - 10:41 | 946137 Jason T
Jason T's picture

am planting corn this year.  Better buy another 50 lb bag of flour soon too.

Wed, 02/09/2011 - 10:56 | 946199 Sudden Debt
Sudden Debt's picture

Keep me informed how the planting of that flour went :)

Wed, 02/09/2011 - 11:45 | 946391 TheDriver
TheDriver's picture

After two years of growing corn, I vowed never to plant the weed in my garden again. It's a heavy feeder, pests love it, and it provides less nutrition per square foot than many other veggies. I'll have to try planting sack of flour this spring. Thanks for the idea.

Wed, 02/09/2011 - 12:59 | 946675 dwdollar
dwdollar's picture

Corn provides more bushels/acre than any other grain.  Beats wheat about 3 to 2.  But, it does require a lot of fertilizer.

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