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Is Another Bout Of Global Food Inflation Just Around The Corner?

Tyler Durden's picture




While the price of food to the American end consumers has been relatively flat over the past few months (at least according to official CPI data), behind the scenes another food inflationary storm for the "rest of the world" is quietly brewing. The reason: after creeping higher all year, soybean prices are just shy of record highs. And while that may not mean much for a population that is used to dining out on 99 cent meals, soy is one of the most highly prized and used broad spectrum use food commodities around the world. From the FT: "The price of soyabeans is heading towards the record high set during the 2007-08 food crisis, which is set to reignite fears of runaway global food inflation. The surge in prices is because of falling global production levels following dry weather in Latin America and increased China imports. Soya’s wide range of use as feed for cows, sheep, pigs and poultry – and as a source for oil used in foodstuffs such as biscuits and cakes – means its high price could trigger food inflation fears." Most importantly, soy is one of China's most important agricultural imports, with soy prices very closely linked to Chinese inflation. So for all those wondering why the great Chinese goal seek model continues to confound expectations and keep coming in stronger than expected (at least in a Schrodinger sense) despite the country's economy sputtering based on both electrical usage and net trade, that's the reason: the last thing China needs in a critical political election year (ahem Bo Xilai) is a sudden spike in food inflation which would be only exacerbated by more PBOC easing. Just recall how closely the media was following reports out of China last year as many thought a rerun of the Arabian spring in the streets of Beijing was virtually inevitable.

Charting soybean prices - no hedonic adjustments here.

What is the reason for the dramatic surge in prices?

Soyabean prices have risen more than 10 per cent in the past month to hit a peak of $15.09 a bushel on Friday, the highest in four years. Other sources of edible oil, including rapeseed and canola, have also reached levels last seen during the 2007-08 food crisis.

 

Soyabean production is sharply down in the agricultural belt of Brazil, Argentina, Uruguay and Paraguay as the La Niña weather phenomenon has exposed fields to hot, dry weather over the past few months. Latin America accounts for about 55 per cent of global exports of the commodity. The US Department of Agriculture estimates that global soyabean production in the 2011-12 growing season will suffer its biggest annual drop in absolute terms since records began in 1965.

 

Alberto Weisser, chief executive of Bunge, one of the world’s largest agricultural trading houses, said that soya was the “tightest” agricultural commodity after a “shorter-than-expected” crop in Latin America.

 

“The market is sending a clear signal that farmers [elsewhere] need to plan more,” he told the Financial Times.

Alas, supply constraints mean there is hardly much hope for a prompt reduction in high prices:

US farmers, who supply 40 per cent of global soyabean exports, have indicated they will sow more acres with corn, and plan to slightly cut the amount of farmland for soyabeans.

The biggest loser? China, which just happens to hold the key to profit margins for the world's largest company (and by implication the US stock market), not to mention importing virtually all other US inflation.

In summary: all those saying how lucky the world has been in 2012 to avoid another food inflation round despite trillions in "flow" pumped by the world's central banks, unlike 2011 when the fireworks took place in the spring, perhaps this time around the [Insert Geographic Region] Summer/Fall will be merely delayed, if not any less involved.




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Tue, 05/01/2012 - 15:49 | Link to Comment bob_dabolina
bob_dabolina's picture

Bush' fault

Tue, 05/01/2012 - 15:52 | Link to Comment fightthepower
fightthepower's picture

Fuck you Bernanke!

Tue, 05/01/2012 - 15:53 | Link to Comment NewThor
NewThor's picture

W. Bush appointed Bernanke, right?

Good call, Bob!

Tue, 05/01/2012 - 15:55 | Link to Comment bob_dabolina
bob_dabolina's picture

Obama reappointed him.

Tue, 05/01/2012 - 16:01 | Link to Comment NewThor
NewThor's picture

Aye. Yes. Bush and Obama's fault. + Congress. And We the People who allow this to continue.

Seriously, look at the economy since Bernanke took over.

The banks are all addicted to -5% borrowing rates, and if the punch bowl is taken away, everyone at the party would collapse.

Tue, 05/01/2012 - 16:32 | Link to Comment NewThor
NewThor's picture

24 (4.0+) Earthquakes in the last 24 hours.

So if the May 20th serpent's eclipse does bring an Earthquake that wipes out 2/3rds of the world's population, would that cause food prices to go up or down?

Tue, 05/01/2012 - 17:43 | Link to Comment blindfaith
blindfaith's picture

Oh PLEASE!!!!!!  They is no relationship between food prices and the number of people on the planet.  So, ok 2/3 of the folks go meet their maker and soy will still be $15.99 a bushel.

 

So guess what crop is getting plowed over in the USA to grow more GMO Soy ( thanks Monsanto) why RICE !!!!!!!

Chop Chop

Tue, 05/01/2012 - 21:07 | Link to Comment prole
prole's picture

Rosenvelt plowed over crops during great depression I while Americans were hungry. Growing Rice in the US is an agricultural farce anyway. That's all a bunch of BS. Point - WHO CARES?

Monsatan is growing soy. Why should anyone on ZH give a Krap? We understand their perfidy and so do not eat processed poison/food so who on this website cares? Unless they are sneaking it into your dogs dogfood, that would be a concern/valid. Feed the dog raw meat and organ meat he will be fine.

As holders of gold, don't we as goldbugs expect price inflation in $ terms for consumer staples like food? While our gold goes up in value along with other items which are valuable (intrinsicly) like Beef/Fish/Fresh vegetables? As holders of gold don't we sidestep or at least keep up with price inflation (as long as AU/AG keeps up with the inflation?)

Tue, 05/01/2012 - 20:34 | Link to Comment i-dog
i-dog's picture

Get a grip!

There is an average of more than 25 (4.5+) earthquakes every day (more than 9,300 last year).

Tue, 05/01/2012 - 20:59 | Link to Comment mophead
mophead's picture

Eat iPads bitchez

Tue, 05/01/2012 - 22:47 | Link to Comment Cathartes Aura
Cathartes Aura's picture

@NewThor,

24 (4.0+) Earthquakes in the last 24 hours.

and six of those were in Wyoming, all shallow quakes - apparently USGS is "removing" the data & calling it "fracking" - time? 11:11 local.

full moon in Scorpio Saturday, 5 May - if nothing else, guarantees lots of bitching 'n' fighting here, as past full moons have proved, heh.

(earthquake activity ebbs 'n' flows, the solar storms can increase occurance - as can other factors - full moons effect the tides, and emergency services all can attest to being kept aware of the "full moon effect" on human behaviours, specifically, friction)

http://www.policeops.com/full-moon-ion-effect.htm

Tue, 05/01/2012 - 15:52 | Link to Comment Clueless Economist
Clueless Economist's picture

Will this cause the price of soy sauce packets from my favorite chinese restaurant to go up in price?

Tue, 05/01/2012 - 16:00 | Link to Comment brewing
brewing's picture

i'm long pink slime.  think it's ready for a bounce...

Tue, 05/01/2012 - 16:25 | Link to Comment francis_sawyer
francis_sawyer's picture

Rising food costs is bullish!

~~~

http://www.youtube.com/watch?v=RMUDw4_e93Y

"First, it's very important to choose the most expensive type of fish you can find for some vague environmental reason that you can then parrot back to your faux intellectual gaywad dinner party guests..."

Tue, 05/01/2012 - 16:27 | Link to Comment EscapeKey
EscapeKey's picture

Only for those who can afford it.

The rest will have to switch to the BLS-substitution: cardboard pictures of steak and bacon.

Tue, 05/01/2012 - 16:55 | Link to Comment Chump
Chump's picture

Indeed.  I am part of the working poor, no doubt.  If I have to choose between beer and bacon anytime soon, well, revolution...bitches.

Tue, 05/01/2012 - 16:56 | Link to Comment Piranhanoia
Piranhanoia's picture

Like the drudge icon parody.  I'm long pig.

Tue, 05/01/2012 - 16:04 | Link to Comment Badabing
Badabing's picture

not mine they mess with the count

Its those little packs of sugar, soy sauce, creamer……ect……I don’t know how many to use any more.

Tue, 05/01/2012 - 17:22 | Link to Comment bobola
bobola's picture

Americans generally don't eat soy based food.

Its considered healthy.

Let the price rise...

Tue, 05/01/2012 - 22:01 | Link to Comment Xanadu_doo
Xanadu_doo's picture

"Americans generally don't eat soy based food."

 

Uh, yeah, except that we eat lots of meat. And what does meat eat? Soybeans of course.

 

That's also why China, Mexico and India, etc., are buying beans and helping drive up the price (along with reductions in S. American yields) -- because they're feeding more pork and poultry to feed people.

 

Just sayin'...

Tue, 05/01/2012 - 15:57 | Link to Comment Gully Foyle
Gully Foyle's picture

Goddamned I was scared shitless!

Then I read.

"could trigger food inflation fears"

What the fuck? Could triggers fears?!

Meanwhile I'm watching a steady increase in food costs and a decrease in certain supplies.

That means I am well beyond fear into numb acceptance.

Tue, 05/01/2012 - 15:57 | Link to Comment battle axe
battle axe's picture

So "Asian Spring"?

Tue, 05/01/2012 - 16:16 | Link to Comment Id fight Gandhi
Id fight Gandhi's picture

Guys, reminder..., reddit at 445pm Krugman is doing an AMA.

Let's make it a good one. Use a throwaway account if you have to.

Tue, 05/01/2012 - 16:30 | Link to Comment EscapeKey
EscapeKey's picture

Krugman? On Reddit?

Sheesh, thanks for the warning. One giant circle jerk coming up.

Tue, 05/01/2012 - 17:08 | Link to Comment Id fight Gandhi
Id fight Gandhi's picture

Yup, betcha they'll ask him about his cats or something.

Tue, 05/01/2012 - 18:31 | Link to Comment krispkritter
krispkritter's picture

I like his Baked Beans. Too bad I can no longer afford them...used to be the cheapest gas around too.

Tue, 05/01/2012 - 15:51 | Link to Comment NotApplicable
NotApplicable's picture

That's okay. Mad cow is going on sale now.

Tue, 05/01/2012 - 16:54 | Link to Comment francis_sawyer
francis_sawyer's picture

Just like they ground up all the 'corexit' shrimp from the Gulf of Mexico 2 years ago and served it to the military as gourmet shrimp ravioli... That was one that 'Bubba' forgot to tell Forrest Gump about...

Tue, 05/01/2012 - 15:52 | Link to Comment NewThor
NewThor's picture

Have you been to the grocery store?

I couldn't find a vegetable for under $2.00

Tue, 05/01/2012 - 15:56 | Link to Comment penexpers
penexpers's picture

My favorite vegetable of all time, the radish, costs about $1.95/tie which is about 7-8 radishes.

$1.95 for a tie of RADISHES. RADISHES.

Tue, 05/01/2012 - 16:02 | Link to Comment NotApplicable
NotApplicable's picture

Mine are just starting to get big enough to harvest.

Tue, 05/01/2012 - 16:09 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

Last night's dinner was Spicy Thai Beef Salad.

Lettuce, cabbage, cucumbers, scallions, shallots, serrano peppers, and grass fed beef all grown on our home.

Do you think the central bankers can stop printing money?  I do not, so I am acting accordingly.

Tue, 05/01/2012 - 16:10 | Link to Comment NotApplicable
NotApplicable's picture

You and your damn food porn! *shakes fist*

Excuse me, while I trot off to the break room for some cookies.

Tue, 05/01/2012 - 16:46 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

Don't forget dessert...

The basket is one kid spending ten minutes yesterday playing pick three...eat one.  We will easily have enough berries for a year's worth of preserves, plus several weeks of dessert in a martini glass topped with fresh cream and Chambord.

Don't worry, Bernanke will probably stop printing money, right? 

Corporations will probably stop putting crap in your food, right?

The FDA will probably start testing beef intended for human consumption for Mad Cow Disease, right?

We poor country folk sure have it rough.  Pity us, please, you wealthy and urbane power elite.

Tue, 05/01/2012 - 16:55 | Link to Comment Tsunami Wave
Tsunami Wave's picture

You may want to consider writing a ZH cookbook..

Tue, 05/01/2012 - 21:12 | Link to Comment prole
prole's picture

I hereby challenge anyone to eat Hedgless' Dinner of "Spicy Thai Beef Salad.Lettuce, cabbage, cucumbers, scallions, shallots, serrano peppers, and grass fed beef" every day and be fat.

Tue, 05/01/2012 - 17:17 | Link to Comment WatchingIgnorance
WatchingIgnorance's picture

Hedgeless . . . you the man!!!! This is what I have been trying to get people I work with to start doing. They still think food comes directly from the grocery store (like a bunch of oompa-loompas are in back making it from fairie dust . . . don't understand the reasoning myself).

Keep it up and please post more of that delicious food porn you got there . . .

 

Tue, 05/01/2012 - 17:20 | Link to Comment TheGardener
TheGardener's picture

Pity us on the northern hemisphere , no berries yet , just about blossom...

Tue, 05/01/2012 - 17:20 | Link to Comment kekekekekekeke
kekekekekekeke's picture

looks awesome. My blackberries (and by "my" I mean "the ones I pick at the park") won't be in season for another month ;[

Tue, 05/01/2012 - 18:04 | Link to Comment Crack-up Boom
Crack-up Boom's picture

Awesome!  I was just showing the kids that our blueberries are still greenberries.  Should have strawberries soon, though. 

Tue, 05/01/2012 - 18:33 | Link to Comment krispkritter
krispkritter's picture

I grow my own and go to local u-picks for freezer stock. Put up over 30lbs. last year, more than half from my plants. Now the chickens are getting everything from 3ft on down...that's as high as they can jump...

Tue, 05/01/2012 - 19:27 | Link to Comment smiler03
smiler03's picture

Oi Hedgeless Horseman,

Why not go the full hog and show us your faeces after digestion? 

And as a final request, why not go to http://www.facebook.com/pages/My-Food-Pictures/162640767125122 and share your crap over there.

Tue, 05/01/2012 - 19:56 | Link to Comment debtandtaxes
debtandtaxes's picture

...your jealousy is showing...

Wed, 05/02/2012 - 11:51 | Link to Comment smiler03
smiler03's picture

Au contraire, I cook all my meals from scratch. The number of upvotes are probably from people like you and others who can't cook and only eat crap.

Wed, 05/02/2012 - 00:05 | Link to Comment Braverdave
Braverdave's picture

I will be waiting a bit for blackberries from my one little baby blackberry bush in the garden but I have a row of raspberries that look like the bumper crop in the making. Planted some blueberry bushes for giggles (and blueberries) this year to replace the strawberries I gave up on last year.

 

Tue, 05/01/2012 - 16:16 | Link to Comment Sudden Debt
Sudden Debt's picture

I think your wife doesn't love you anymore...
YOUR DISH IS LIKE ALL GREEN!!!!

Tue, 05/01/2012 - 16:20 | Link to Comment EscapeKey
EscapeKey's picture

No dessert until you eat your veggies!

Tue, 05/01/2012 - 16:45 | Link to Comment francis_sawyer
francis_sawyer's picture

"Can't have any pudding if you don't eat your meat"

~~~

http://www.youtube.com/watch?v=YR5ApYxkU-U

Tue, 05/01/2012 - 18:36 | Link to Comment krispkritter
krispkritter's picture

What's the hardest part about eating a vegetable?...getting them back in the wheelchair...(groan)...

Tue, 05/01/2012 - 16:30 | Link to Comment EscapeKey
EscapeKey's picture

I never understood why people peel cucumbers.

The peel is where the taste is. The rest is just water.

Tue, 05/01/2012 - 16:42 | Link to Comment eaglefalcon
eaglefalcon's picture

Unless you are eating organic cucumbers, expect fertilizers and intecticides in the skin

Tue, 05/01/2012 - 16:37 | Link to Comment Haddock
Haddock's picture

Only one of those ingredients is Thai.

And you forgot the chillies, fish sauce and lime juice.

Tue, 05/01/2012 - 17:04 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

Limes from the store (Mexico). Ours are still tiny and not ripe, yet.

Serrano chili peppers are ripe, and I did mention we grow them.

Fish sauce is THE key to this dish, but is imported from Thailand...for now.

I forgot to mention the mint leaves, also from the herb garden on the back porch.

 

For the love of God, people, at least try to grow your own herbs and lettuce. The knowledge is already there in your brain...I promise.

Tue, 05/01/2012 - 17:06 | Link to Comment Haddock
Haddock's picture

The berries look great though.

Tue, 05/01/2012 - 19:31 | Link to Comment krispkritter
krispkritter's picture

You're right, wish more people would at least attempt to grow rather than fall for the '2 acres to feed 1 person' BS and never even try. Got a 'Sprite' tree...lemons and limes. Grows in a 15 gallon container(but hey I'm in Florida I could plant it) so I can keep it 'warm' year round. Have Serranos, Chocolate Habaneros, Bhut Dragons, Billy Boy Douglah, etc. and almost all peppers are perennials so spicing up year round is great if you keep them in pails to move indoors/outdoors. I even found that my Grove/Rooster Claw peppers can take frosts and regrow on their own; small but packing a great punch for soups and side dishes, a single plant will grow to 4'+ and provide hundreds of peppers a year for drying, flavoring oils, or just munching(if you can take it). Mint is also a perennial and survives freezes; planted next to a Stevia plant, you can take one leaf off each and you basically have mint gum.  This guy is a regular nutcase about peppers but this is the Douglah I grow: http://www.youtube.com/watch?v=mIJqcdzxlqo

Wed, 05/02/2012 - 00:26 | Link to Comment Braverdave
Braverdave's picture

I live up in the North Okanagan Valley in BC, Canada and permaculture is what I mostly concentrate on. Garlic, onion, chive, potato, oregano, dill, cilantro and a occassional other volunteers are self perpetuatng in my garden. Raspberry, blackberry, blueberry for bushes. Plum, apricot and nectarine for trees. Maybe cherry or apple next

Spread seeds back a few weeks ago for lettuce (3 kinds if memory serves), radishes and random herbs

I start tomato, cayenne pepper and cucumber plants indoors and put them outside just last week but am watching overnight weather carefully in case I need to tent. Might build a small greenhouse soon.

Thyme, rosemary, bayleaf, and mint grow indoors all year round.

This year I am hoping to start harvesting my own seeds.

Tue, 05/01/2012 - 17:27 | Link to Comment kekekekekekeke
kekekekekekeke's picture

radishes are really easy to grow and the time from seed to harvest is much faster than other veggies, get crackin'

Tue, 05/01/2012 - 17:59 | Link to Comment lotsoffun
lotsoffun's picture

you are right.  me and another 3 million people live in brooklyn.  new york.  it's a sewer.

Tue, 05/01/2012 - 18:07 | Link to Comment Crack-up Boom
Crack-up Boom's picture

Urban gardening is huge. And you can grow sprouts anywhere. Very nutritious and easy to grow.  Just gotta want to.

Tue, 05/01/2012 - 23:58 | Link to Comment Braverdave
Braverdave's picture

Mmm. Radishes. The garden will be putting out early ones in a couple weeks now.

Tue, 05/01/2012 - 15:58 | Link to Comment Gully Foyle
Gully Foyle's picture

NewThor

That's what you get for buying organic.

No benefit in taste nor nutrition yet greater cost.

Tue, 05/01/2012 - 16:02 | Link to Comment NewThor
NewThor's picture

I don't buy organic.

$2.00 Avacados. REALLY?

$2.58 Heads of Lettuce.  REALLY?

Fucking $20 dollar salad which used to cost $6 dollars 4 years ago.

Tue, 05/01/2012 - 16:22 | Link to Comment EscapeKey
EscapeKey's picture

Yes, but you get to eat that organic sandwich with a false sense of superiority!

Tue, 05/01/2012 - 17:00 | Link to Comment Piranhanoia
Piranhanoia's picture

You say some interesting things, but this is monsantobabble. Monsantobabble always forgets the benefits and reminds us that we shouldn't believe our lying eyes.

Tue, 05/01/2012 - 15:54 | Link to Comment penexpers
penexpers's picture

Repeat after me: G. M. Os! G. M. Os!


Tue, 05/01/2012 - 16:07 | Link to Comment NotApplicable
NotApplicable's picture

That's the leverage point. Eventually, it will become the only way to avoid mass starvation, and all anti-GMO people will be portrayed as anti-human.

 

Tue, 05/01/2012 - 16:10 | Link to Comment duo
duo's picture

exactly.  I used Roundup in on area of my garden for 3 years.  After that, nothing would grow there but weeds.  The beans and tomatoes wilted whether I watered them or not.

Tue, 05/01/2012 - 16:18 | Link to Comment Cathartes Aura
Cathartes Aura's picture

you might be interested in this link:

Pesticides drift and settle during application. In the Antarctic ice pack
 alone there are 2.4 million pounds of DDT and its metabolites from years
 past.(26) Pesticides engulf the home and are easily tracked inside, readily
 inhaled and absorbed through the skin. They do harm by attacking the
 central nervous system and other essential organs. Symptoms of pesticide
 poisoning are often deceptively simple, commonly mis-diagnosed as flu or
 allergies. They include, but are not limited to, headaches, nausea, fever,
 breathing difficulties, seizures, eye pains, vomiting, cramps, diarrhea,
 sore nose, tongue, or throat; burning skin, rashes, coughing, muscle pain,
 tissue swelling, blurred vision, numbness and tingling in hands or feet,
 incontinence, anxiety, irritability, sleep disorders, hyperactivity,
 fatigue, dizziness, irregular heartbeat, high blood pressure, spontaneous
 bleeding, and temporary paralysis. Long-term consequences include lowered
 fertility, birth defects, miscarriages, blindness, liver and kidney
 dysfunction, neurological damage, heart trouble, stroke, immune system
 disorders, menstrual problems, memory loss, suicidal depression, cancer,
 and death. The National Academy of Sciences reports that at least one out
 of seven people are significantly harmed by pesticide exposure each
 year.(3) Increasingly, reports from many people around the country are
 "beginning to link feeling terrible with the fact the neighbors had the
 lawn sprayed the day before", notes Catherine Karr, a toxicologist for the
 National Coalition Against The Misuse Of Pesticides.(7) Unfortunately,
 except for industrial accidents, tests for pesticide poisoning are rarely
 performed, partially because they are expensive. Doctors also attribute
 them to stress, allergies, influenza, or an overactive imagination.(3)

http://www.chem-tox.com/pesticides/pesticidereport.htm

Tue, 05/01/2012 - 18:51 | Link to Comment francis_sawyer
francis_sawyer's picture

So WTF are the environmentalists worried about now?

- Whether the shit is packed in ice?

- or whether, due to global fucking warming, the ice melts & kills penguins?

Make up your fucking mind!

Tue, 05/01/2012 - 20:22 | Link to Comment Cathartes Aura
Cathartes Aura's picture

you talkin' to me?

I guess I'd be "worried" if I was using that known poison on anything in my environment - anything that say, a pet might eat, like grass, or anything anyone I cared about might eat, like garden food. . .

chill. . . or don't you gots ice??

Tue, 05/01/2012 - 22:06 | Link to Comment Xanadu_doo
Xanadu_doo's picture

Yeah, I sure none of the remaining homeowners here use herbicides and fertilers on their lawn. Get of of ag's case, fucking greeny food snob.

Wed, 05/02/2012 - 03:17 | Link to Comment Cathartes Aura
Cathartes Aura's picture

I'm not such a "greeny food snob" as you might think (here's hoping you do think)  - the link in my above post kinda spells out what pesticides do to food, but do yourself a favour and read up on GMO, etc. - here's one to get you started:

http://www.naturalnews.com/gmos.html

http://farmwars.info/?p=8022

don't be afraid to arm yourself with knowledge - that's what this site is supposed to be about. . .

Tue, 05/01/2012 - 17:01 | Link to Comment Piranhanoia
Piranhanoia's picture

you might want to move if you want to grow edible food.

Tue, 05/01/2012 - 20:12 | Link to Comment wee-weed up
wee-weed up's picture

Better yet, if you might want to move if you want to survive once TSHTF.

Tue, 05/01/2012 - 19:35 | Link to Comment DosZap
DosZap's picture

I used Roundup in on area of my garden for 3 years. After that, nothing would grow there but weeds.

Perfect non violent  weapon for a neighbor that refuses to care for his lawn, and landscaping,while you slave to look like a homeowner that has pride...............and keep hubcaps ON the trailer.

St Augustine grass................... just hit it with a few shots of that shit, just around the edges.............it travels the root sytstems like cancer.(ask me how I know).):*

Then he will have an excuse for NOT doing the yard.....................You Fukashimaed it.

Tue, 05/01/2012 - 21:42 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

DosZap noted regarding the use of Roundup®:

St Augustine grass................... just hit it with a few shots of that shit, just around the edges.............it travels the root sytstems like cancer.(ask me how I know).):*

Ummmm........insider info about a GMO Roundup-Ready®© variety of St Augustine grass which Monsanto has ready to go?

Just a guess.

 

Tue, 05/01/2012 - 16:21 | Link to Comment Harbanger
Harbanger's picture

It's a solution for feeding 10 billion people in the developing World.  What's your solution? extermination?

Tue, 05/01/2012 - 16:24 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

The GMO solution IS extermination.  There are plenty of food resources on this planet.  The problem is there is an unlimited amount of currency being printed.  Your supply and demand curve needs a money supply overlay.

Tue, 05/01/2012 - 17:09 | Link to Comment KickIce
KickIce's picture

It also needs an asshat index for political leaders around the world that allow their people to go hungry; usually while they are taking in millions from our government.  The SOB from Egypt is a prime example.  Each year we subsidize farmers to leave ground unplanted and still keep food in the US cheap enough that even those on welfare can afford i products.  How much longer we can do this remains to be seen.

Tue, 05/01/2012 - 17:02 | Link to Comment Piranhanoia
Piranhanoia's picture

monsantobabble, or you are a cretin.  Which is it?

Tue, 05/01/2012 - 17:56 | Link to Comment lotsoffun
lotsoffun's picture

swine flu, bird flu, condoms.  sars.  flu. education.  education.  we still live in the ancient world where leaders lead by counting the number of dead bodies they can fling at the next leader other leader they do not like before the other leader gets to their body.  it is not necessary any longer.  mankind needs to grow up and stop breeding countlessly.  leaders have 'the button' - they don't need to have endless population to to protect them.   in the end - we really need to educate the barbaric sociopaths that are running the world.  they need to be made more user friendly.  :)

 

 

Tue, 05/01/2012 - 19:30 | Link to Comment smiler03
smiler03's picture

GMO is a means to make money, that is all.

Tue, 05/01/2012 - 20:31 | Link to Comment Cathartes Aura
Cathartes Aura's picture

a very effective means when one factors in the ill health effects, and the pharma & medical priests who profit from pre-serving the dying. . .

seriously, when one studies the "feed lot" method of food manufacture, with all the added in pharma (anti-biotics & growth hormones, etc.), then realise humans are part of the profit making food chain - crap in, crap out - cradle to grave, and realise "they" are global now, and "we" are not top of their lists - it isn't all that hard to realise what is going down. . .

Tue, 05/01/2012 - 22:11 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

Harbanger claimed:

It's a solution for feeding 10 billion people in the developing World.

There is no solution for feeding 10 billion people in the world. Period. Emerging markets, submerging markets, developing world, unraveling world, it doesn't matter.

What's your solution? extermination?

No, there is no solution. There are only choices and results. The most sensible choice would be to avoid taking any actions which could make things far worse than they're already going to be. GMO crops, even if they never had any harmful unanticipated consequences ever, for all time, can at best only delay the inevitable. If, on the other hand, something goes horribly wrong and permanently damages one or several significant crop species, the horror of the ensuing famine would be beyond comprehension.

I really don't think the potential benefits outweigh the potential risks, but then I'm just another asshole with an opinion.

 

Tue, 05/01/2012 - 15:54 | Link to Comment Alcoholic Nativ...
Alcoholic Native American's picture

No problem, I just swipe my EBT, or as the cashiers like to call it, "The Platinum Card".

Tue, 05/01/2012 - 15:54 | Link to Comment sbenard
sbenard's picture

Thanks for writing about this, Tyler!

I had been viewing my commodities charts, especially food commodities, with increasing alarm lately. Beans have been rising steadily, almost from the first of the year. Of course, we could all just stop eating...

Tue, 05/01/2012 - 15:55 | Link to Comment Buzzworthy
Buzzworthy's picture

Revolution is only 3 square meals away.

Tue, 05/01/2012 - 15:55 | Link to Comment machineh
machineh's picture

“The market is sending a clear signal that farmers [elsewhere] need to plan more,” he told the Financial Times.

Plan on what -- droughts? Why not just 'plant' more?

Eat soy or die!

Tue, 05/01/2012 - 16:02 | Link to Comment Doubleguns
Doubleguns's picture

Soylent green comes from soy so that means the price is going up.........what?! it comes from what?

Is that what embalming is called now.

Tue, 05/01/2012 - 22:12 | Link to Comment Xanadu_doo
Xanadu_doo's picture

China is almost "all in" on corn acres, so their bean acres are way down, thus they need to import to feed their livestock to feed their new middle class (sic)...but growers everywhere want to plant more corn acres because its more profitable, even at $14.00+ beans...

 

Long corn, beans, sugar, cotton and every other damn food I can stock up on in any way I can...bitchez. :)

 

Tue, 05/01/2012 - 15:55 | Link to Comment sbenard
sbenard's picture

Bubbles Bernanke is doing his job! Bubbles and inflation are all he's good at!

Tue, 05/01/2012 - 15:56 | Link to Comment penexpers
penexpers's picture

Sow more hope, farmers! GET TO IT!

Tue, 05/01/2012 - 16:01 | Link to Comment TheGardener
TheGardener's picture

Cake is up , or no news ?

Sorry, got this all wrong, a bag of rice got spilled in China!

Tue, 05/01/2012 - 16:00 | Link to Comment Sudden Debt
Sudden Debt's picture

Roast a few bankster pigs to feed the world!

Tue, 05/01/2012 - 16:08 | Link to Comment NotApplicable
NotApplicable's picture

Problem is, ya gotta catch 'em first. Did I mention they're greasy?

Tue, 05/01/2012 - 16:21 | Link to Comment Sudden Debt
Tue, 05/01/2012 - 16:56 | Link to Comment xela2200
xela2200's picture

That is a lot more humane that I have seen it done. Can you say machete?

Tue, 05/01/2012 - 16:01 | Link to Comment Jason T
Jason T's picture

Jim Rogers is all I have to say.  

Tue, 05/01/2012 - 16:02 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

I'd suggest checking all the food charts to be sure... correlate them if you can.

http://www.finviz.com/futures.ashx

Tue, 05/01/2012 - 16:03 | Link to Comment Agent P
Agent P's picture

Tofu bitchez!

Tue, 05/01/2012 - 16:37 | Link to Comment Cathartes Aura
Cathartes Aura's picture

a serving of mellow-estrogen, just what the doctors ordered. . .

and 95% of soybeans in amrka are GMO, with "soy" being in pretty much every(packaged)thing the super-market sells.

Tue, 05/01/2012 - 16:06 | Link to Comment youngman
youngman's picture

This AM some agency put out a stat that this year there will be 120 million more pigs.......thats alot of pig feed.....

Tue, 05/01/2012 - 16:12 | Link to Comment Widowmaker
Widowmaker's picture

FUCK THE POOR!

(Record bonuses for the .1%)

What do you mean Fuckup Bernanke can't print food?

Tue, 05/01/2012 - 16:12 | Link to Comment moofph
moofph's picture

...maybe this will alleviate the world's indigestion of the currencies stew?

Tue, 05/01/2012 - 16:12 | Link to Comment LFMayor
LFMayor's picture

Awesome stuff.   Let them eat flies and distended belly children, since that seems to be all they know how to fucking grow in their shithole little countries.

Q: Who rule Barter Town?

A:  The local grain elevator co-op in Red Dick, Iowa.  Because they're the ones feeding your sorry asses.

Tue, 05/01/2012 - 21:21 | Link to Comment prole
prole's picture

If they are distributing grain they are not feeding me. Maybe they are feeding you?

Tue, 05/01/2012 - 22:15 | Link to Comment Xanadu_doo
Xanadu_doo's picture

if you eat meat, they're feeding you, dumbass. Unelss you eat "grass fed" livestock only...oh, corn is a grass? What? FUCK!

Tue, 05/01/2012 - 22:34 | Link to Comment prole
prole's picture

YUCK! But I acknowledge you are right. I am too poor to afford boutique grass fed beef. Perhaps I should seek it out and and splurge and see if I can afford it. I do not acknowledge that any kind of corn feed fed to cattle, probably against their natural choice and will, is the same as grass, or healthy for cows.

What did the plains Buffalo eat? That is what cows should be eating.

God knows what the poor cows I eat are fed

Tue, 05/01/2012 - 16:14 | Link to Comment thismonkeydoesn...
thismonkeydoesnotdance's picture

the cost of a gallon of milk (4 litre jug here in canada) has risen by about 22% in the last year... i never even noticed until i made a milk run yesterday and was shocked i had to pay over 5.00 for a jug... ridiculous.

Tue, 05/01/2012 - 16:23 | Link to Comment Watts_D_Matter
Watts_D_Matter's picture

Maybe el Presidente wants us to start eating doggies like he did in Indonesia......My neighbor has a nice dog...kinda stocky but looks yummy through my scope right now...Dog it's what for dinner tonight!

Tue, 05/01/2012 - 16:25 | Link to Comment Aunty Christ
Aunty Christ's picture

but, but, but China is supposed to the next growth market for the world's greatest toy company....

Tue, 05/01/2012 - 16:27 | Link to Comment Arnold Ziffel
Arnold Ziffel's picture

Plot the NYSE against Snickers Bars = the stock market has plunged by 50%.

Tue, 05/01/2012 - 16:33 | Link to Comment Haddock
Haddock's picture

Pork Bellies? Buy Mortimer, Buy!

Tue, 05/01/2012 - 16:59 | Link to Comment xela2200
xela2200's picture

This is news? Every time I go to the supermarket, the prices are higher, and I can only asume what producers' cuting cost measures have done to quality.

Tue, 05/01/2012 - 17:25 | Link to Comment kekekekekekeke
kekekekekekeke's picture

seriously. in a moment of weakness last month I had IHOP's pot roast for $9.99 I don't even want to think about the filler shit they put in it

I'm only cooking from now on at least I can have some idea of what's in the food

 

Tue, 05/01/2012 - 17:08 | Link to Comment surf0766
surf0766's picture

I forget. Who approved the recommendations of the Boakin Commission?

Tue, 05/01/2012 - 18:58 | Link to Comment ThisIsBob
ThisIsBob's picture

The players who are running up the prices with Ben's money couldn't care less - a few bucks more for a rib eye and a nice zin - its a small price to pay.  And Ben couldn't care less - he eats at the cheap, subsidized cafeteria in the building.

Tue, 05/01/2012 - 17:22 | Link to Comment YesWeKahn
YesWeKahn's picture

Bring QE3 on, the fucking idiot Bernanke!

Tue, 05/01/2012 - 17:38 | Link to Comment KickIce
KickIce's picture

I lurk on a few ag boards and here aare a few of the things I've read.

The mild winter was a double edged sword, winter wheat came in quickly but has been more subject to fungus, rust and since it was already flowering was even more vulnerable to the April freezes.

Much of the south is still suffering from drought conditions, so much so that some have been unable to plant.

I get the impression that the corn belt is getting plenty of rain, too much for some as they have yet to plant or have received storm damage.  I imagine this is not out of the ordinary though.

IMO, the wheat harvest could be interesing but the real problem is the drought in the south.  A few well timed rains could make for some great crops but it could also get ugly if present conditions continue.

 

Tue, 05/01/2012 - 20:01 | Link to Comment DosZap
DosZap's picture

We got our April rains in March, all area lakes to the top again.

Problem, eveyone has to basically let their yards die, and hopefully maybe  save their landscaping.

We are still in Stage 3 no watering(3rd yr), once a week is it.

Lawns are weeds....................WHY??.

Plenty of water, but a huge lake north we get 28% of our H2o from, is infested with Zebra mussels,so the city will not allow one drop thru the pipelines from that source. So, you lose a several thousand dollar lawn, and multiple thousand dollar  trees, and look like the Serengeti in a home you have thousands invested in.

Hang another hubcap Bubba!!!!!!!!!!!!

Tue, 05/01/2012 - 22:22 | Link to Comment Xanadu_doo
Xanadu_doo's picture

Oh, your poor urban lawn!!! 

Oh, the humanity!

 If you had actually had plenty of rain in March, your aquifers would be full enough to support native species...unless you're trying to grow a lawn in the friggin desert.

See also: http://www.youtube.com/watch?v=rX7wtNOkuHo

 

PS: no snow, nor rain through most of the Midwest...gonna be a long, hot, dry scorcher of a summer.

Wed, 05/02/2012 - 00:42 | Link to Comment Braverdave
Braverdave's picture

Betchur' bippy sister. Only crazy people here (semi arid) waste the water, money and time for a lawn.

Tue, 05/01/2012 - 18:40 | Link to Comment Poetic injustice
Poetic injustice's picture

After WW2 in our country there wer culinary books on which tree abrks are edible when, how to make sauce with 95% of water and best receips of using pigweed. Probably good idea to check with your grandparents on similar books.

Tue, 05/01/2012 - 18:57 | Link to Comment ThisIsBob
ThisIsBob's picture

"Few people realize that there are 147 edible parts in an ordinary Volkswagen Bug."

Euell Gibbons

Tue, 05/01/2012 - 20:02 | Link to Comment debtandtaxes
debtandtaxes's picture

make me look at my volkswagen Jetta TDI in a whole new way....

Tue, 05/01/2012 - 21:17 | Link to Comment Nobody
Nobody's picture

From a delta farmer's perspective I have cut my cotton acreage from 900 acres planned two months ago to zero, rice acreage from 600 acres to 200. Both going into soy and non-GMO soy at that.
The market math doesn't lie.

Tue, 05/01/2012 - 21:37 | Link to Comment prole
prole's picture

That is revolting, but I suppose Walmart Shoppers gotta eat too, so do what you have to do brother.

(you also have to pay the bills) Is there no way for you to grow Tomatos, Peppers, Avocadoes, carrots, spinach, kale squash, etc and make money? Tomatos retail for more than a dollar a pound in the DC area, Avocadoes retail for 1$ per sometime little more or even 2 per, what if you grew thousands and thousands of them in the Delta? Could you make $$? Maybe they buy them for a penny a piece in Chile and just rip us off big time at the grocery store. I know nothing more about it than a retail customer, what I am.

Tue, 05/01/2012 - 21:19 | Link to Comment yogibear
yogibear's picture

Reason enough for food companies to double and triple prices. Bernanke wanted major inflation, he will be getting it in waves.

Wed, 05/02/2012 - 07:49 | Link to Comment Nobody
Nobody's picture

Thought I would cruise back and see what reaction(s) I might get from the post.

Never thought I would get such a rant.

Ok, for what it is worth:  Sure, we can grow some of the items you mentioned, although avocados need a different environment.

The trick is two fold.  One is the location of the frost/freeze zone in the area causes our "truck crops" ie vegetables to come off right when the Central American crops do.  International competition don't you know.  The next is more insidious, Americans don't want to do manual labor, period.  My crew consists of two ex cons, one 60 year old alcoholic, one 56 year old who grew up on a farm and me.  We do 75+ hours a week, and not sitting on our butts whining about how others should do their work differently or better.

It is what it is.  Maybe when everyone starts starving, we might get some to work small plots to grow basic necessities.  Probably, we will just be robbed and shot dead by the starving city dwellers like you.

Enjoy your avocado.

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