Bio fuels brought up again as part of the problem, when the real problem is for the past two years - horrible returns for basic food stapples. (wheat/rice)
Plain and simple the world grain buyers finaly got caught with there pants down and are pointing the finger at everthing and anything but what caused this thing in the first place. In real terms wheat producers were getting paid less for wheat than 70 years ago up to late '07 - that is the real issue. Now the world is faced with a catastrofic situation that could have been avoided even with high oil/grain/oilseed prices despite droughts.
Now the wheat price is getting hammered down again b/c we have a huge world wide wheat crop coming?? WTF are they thinking - a big part of this crop is not in the ground, let alone in the bin yet! As wheat conitues to go down there are a lot of other options to make a profit than wheat. No - we are not asking for $20 wheat, but a heads up - do not let it slide any more. $6 wheat will be the big looser this year wait and see.
Plain and simple the world grain buyers finaly got caught with there pants down and are pointing the finger at everthing and anything but what caused this thing in the first place. In real terms wheat producers were getting paid less for wheat than 70 years ago up to late '07 - that is the real issue. Now the world is faced with a catastrofic situation that could have been avoided even with high oil/grain/oilseed prices despite droughts.
Now the wheat price is getting hammered down again b/c we have a huge world wide wheat crop coming?? WTF are they thinking - a big part of this crop is not in the ground, let alone in the bin yet! As wheat conitues to go down there are a lot of other options to make a profit than wheat. No - we are not asking for $20 wheat, but a heads up - do not let it slide any more. $6 wheat will be the big looser this year wait and see.
Comment