Author Topic: Argentina to Sow Smallest Wheat Crop in 100 Years: Week Ahead  (Read 1965 times)

Offline jimbridger1881

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This is going to have a serious effect on food prices.

"A decline in Argentine production will boost prices of U.S. corn, soybeans and wheat this year, Dan Cekander, a senior grain analyst at Newedge USA LLC, said in a telephone interview from Chicago on May 5.

Argentina will slip to seventh from fifth among the world's biggest wheat exporters this year, according to the U.S. Department of Agriculture. The country may cease to become an exporter altogether if rain doesn't fall in May, Cesar Gagliardo, president of Buenos Aires brokerage Artegran SA, said in an April 17 telephone interview." http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a6nwIEmoafpk

We need to start planting food in this country and give up on biofuels. Biofuels will ultimately lead to our downfall as a nation. A nation that cannot feed itself is doomed.


Offline chris

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Re: Argentina to Sow Smallest Wheat Crop in 100 Years: Week Ahead
« Reply #1 on: May 12, 2009, 02:58:27 PM »
Less than average rainfall and govt policies, spell doom.

Offline “Mark”

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Re: Argentina to Sow Smallest Wheat Crop in 100 Years: Week Ahead
« Reply #2 on: May 27, 2009, 12:35:13 PM »
And as Jim Rogers has been saying lately, farmers can't get loans for fertilizer.

We're getting ready to experience a global food shortage. Maybe not to the point of starvation, but many staple crops will be in short supply.