US corn cro

[charliep]

What is happening on the biodiesel front in Europe?
Important because vegetable oil is the relatively weak
part of the oilseed complex. Still mid mid 50 CBT
soybean futures but not at highs.

[ianben]

Hi Charlie
Not sure on biodiesel. I think each country
in EU has a different policy or at least priority on
green issues. Germany was/is the big bio-diesel
producer but with the euro issues I am sure
subsidising green fuel is much less attractive
anywhere in the Euro zone.

I think any government will change policy/intervene if
food prices get to high.

Hence my corn/ethanol question.

[hedgehog]

food prices are not high, farmgate price is still shitpence with high input costs.

1700 jobs in pork processing lost this week in scotland due to low pork prices caused by supermarket buying (stealing)policies

[oneoff]

The talk in a whole lot of the US corn belt is that beans will outyield the corn crop. And rains appear to finally reached a swath east of Kentucky; but much too late. My guess is that the corn crop disaster has been deliberately underrated and there is a real problem coming up. Markets maybe have started to react very strongly in the last few days.

So much for the new corn varieties being much less suscepible to drought. I always suspected that was industry bull@@@@.