Grain & Oilseeds: Corn-not enough -rains

Jump to Comments

Happy  Friday  EVERYONE!
 Well last night a spent several hours moving my daughter over to mom in laws house.I suppose she will be staying there with her now.I don’t worry about her and the baby there ,i know nancy watches over them.That is billy & kolby’s other nanna.Kolby and julie are watching pinoccio ? while little charlie sleeps.Darrell is performing live tonight with the band,and jeff is at practise.So at the moment it is quiet and peaceful here at home.We have had some awesome rains here the last few days,just in time to save the garden,THANK GOD! He is always right on time!
 It is sooooooo bad up state though.All those poor people getting out in front of the floods.Terrible for them.I pray for their safety and their homes,animals  and belongings.
 As usual the news is bleak…But gives us more time to prepare each day and the red flags are always up.Found a few interesting articles thought i’d share tonight.Thanks for all the comments and emails.I have had several people ask about trading links…I’d love to.Just go ahead and add my link ,let me know you added me and where .I’ll come over and visit to let you know i have added your’s as well and look around…Thanks for adding me and i am glad you are enjoying my blog and info.

May god bless us all……Pray for Israel…Our lives very well may depend on it!

Betty~Simply Southern

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Ten Major U.S. Disasters on Dates Significant to Treatment of Israel-Truth!
 Summary of the eRumor
A list of ten dates on which there important events related to Israel along with natural disasters affecting the United States. The implication is that the U.S. had better pay attention to decisions about Israel…or else. 
 
 The Truth
The historical accounts in this eRumor are, for the most part, accurate.  What is left is the question of what do they mean?  Believers in the email’s message say it means that if the U.S. wants to avoid natural disasters…be nice to Israel.  Skeptics say that going through all the events in a particular span of years and finding apparent correlations doesn’t mean they were connected.
 
A real example of the eRumor as it has appeared on the Internet:
TEN MAJOR EVENTS
(Relating to Israel’s Covenant Land) 1. October 30,
1991: The Perfect Storm—As President George H. W. Bush
is opening the Madrid (Spain) Conference to consider
“land for peace” in Israel’s Middle East role, the
“perfect storm” develops in the North Atlantic,
creating the largest waves ever recorded in that
region. The storm travels 1000 miles from “east to
west” instead of the normal “west to east” pattern and
crashes into the New England Coast. Thirty-five foot
waves crash into the Kennebunkport home of President
Bush.
2. August 23, 1992: Hurricane Andrew—When the Madrid
Conference moves to Washington DC and the peace talks
resume, Hurricane Andrew, the worst natural disaster
ever to hit America, comes ashore and produces an
estimated $30 billion in damage and leaving 180,000
homeless in Florida.
3. January 16, 1994: Northridge Earthquake—President
Bill Clinton meets with Syria’s President
RIGHT CLICK ON LINK TO READ MORE!
http://www.truthorfiction.com/rumors/t/tenmajorevents.htm

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

 Did you know that humans can get the rabies vaccination????read here to find out all you need to know about it!You may not think much on rabies now ,but if crap happens as a lot ,including me,think,there will be a lot of folks roaming around hunting food….ON THE ANIMALS TERRITORIES!!!!!
 
- Understanding the Disease
- Available Vaccines
- History of the Vaccine
- Who Should and Should Not Receive the Vaccine
- Dose Schedule
- Effectiveness of the Vaccine
- Known Side Effects
- Related Issues
- Key References and Sources of Additional Information
Understanding the Disease

Rabies is an acute and deadly disease caused by a viral infection of the central nervous system. The rabies virus is most often spread by a bite and saliva from an infected (rabid) animal (e.g., bats, raccoons, skunks, foxes, ferrets, cats, or dogs). In the United States, rabies is most often associated with bat exposures. However……..
*********RIGHT CLICK TO READ MORE!
http://www.immunizationinfo.org/vaccineinfo/vaccine_detail.cfv?id=16

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Prices & Outlook: Grain & Oilseeds: Corn

Not Enough Corn for 2008/09

May 13, 2008

Can the U.S. raise enough corn in 2008 to meet the consumption base that is developing? The answer is probably not; at least not everyone who has been using U.S. corn will have that opportunity in the 2008/09 marketing year. Take as an example the consumption base from the 2007 crop at 13.0 billion bushels and add another 1.0 billion bushels of new ethanol capacity. That gives a base of 14.0 billion bushels of use, but USDA’s first projection of crop size is only 12.1 billion bushels. This means two things will occur. First, end users must cut back on consumption and secondly, corn stocks will be reduced to bare minimums by August 2009.

Which of the end users will cut back on corn consumption? USDA has made their first projection and say it will be almost everyone. They have cut the amount of corn the animal industry will use from 6.15 billion from the 2007 crop to just 5.3 billion from the 2008 crop. This reduction of 850 million bushels can be adjusted by about 250 million bushels of corn equivalent that will come from feeding distiller’s grains. So that means a reduction of around 600 million in feed/residual use or a 10 percent cutback.

Foreign buyers will have to cut back on U.S. corn supplies as well. USDA suggests they will reduce purchases from the record 2.5 billion bushels to 2.1 million or a 16 percent reduction. These huge reductions will be necessary to accommodate another one billion bushels of corn for U.S. ethanol which will reach 31 percent of total corn use. This is up from 14% for the 2005 crop. Most importantly, ending stocks in August 2009 will be depleted to just 763 million bushels, a mere 22 day’s supply.

There is much to be determined before we reach August 2009. Final corn acreage and yields are the first to consider. Corn planting is late in the Eastern Corn Belt, but desperately late in the Western Corn Belt. Minnesota and Missouri are about 50 percentage points behind on corn planting. Iowa and South Dakota are each 30 percentage points or more behind as of May 12. The nation is 26 percentage points behind the five year average. This season is the latest corn planting rate for which I track data back to 1980. Late planting is associated with lower corn yields on average across the country.

Summer weather is much more important to yields than planting date. So, I would reduce the expected yields by about three bushels per acre now to 151 bushels per acre, but since summer weather determines maybe 75 to 80 percent of the yield, a favorable weather summer could still bring yields back to, or even above trend.

Planted acres still remain unknown. Economic returns continue to favor planting corn in the Midwest through late May, even if expected yields have started downward due to late planting. This is because corn prices are so strong relative to soybeans. Purdue budgets and market prices on May 13, suggest more than $100 per acre higher expected returns for corn compared to soybeans. This means that late planted corn yields could drop 20 bushels per acre before soybeans begin to show greater returns. In addition, soybean seed is difficult to secure.

I’m estimating that corn acreage will be at 88 million acres compared with the USDA survey level of 86 million acres. With 151 bushel yields, this would mean a crop size of 12.2 billion just slightly higher than the current USDA number. Continued cool weather suggests slow progress on completing planting. This should continue to be a price friendly factor.

Finishing old-crop pricing now should be considered except for those bushels one wants to “bet” on a weather scenario this summer. Once the corn is planted, some concerns will be reduced until the summer weather patterns begin to develop. This may mean a period of somewhat lower prices in late-May and June.

Corn prices have reached the levels mentioned in past updates ($6.40 July futures and $6.50 on December futures). Bids are generally 8 to 12 cents higher for July delivery, so consider pricing on-farm stored corn for July delivery. Generally, commercial stored corn will not cover the added storage costs to July.

Without 2008 weather problems, corn prices may be near their highs. First, consider new crop wheat bids in the range of $6.00 to $6.50 per bushel. Corn has about 90 percent of the feeding value of wheat which means corn might be capped at about $5.40 to $5.85 per bushel if there is sufficient wheat to begin feeding some to livestock. Very good wheat yields could lower those numbers. Secondly, ethanol processor’s current corn breakeven prices are about $5.75 per bushel with record high crude oil around $125 per barrel. They can bid somewhat higher on corn prices, but will begin to move into losses. Of course the direction of crude oil will also be important with higher crude potentially related to higher corn prices.

The 2008 crop will be the tightest corn supplies yet in the biofuels era. This means prices will remain strong, but there are limits to how high that price can be. December futures at $6.50 ,,,,,,,,,,,,,,,,,,,RIGHT CLICK TO READ MORE!!!!

http://www.agecon.purdue.edu/extension/prices/grains/corn.asp?ID=53

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Have you ever thought about building a hidden passageway? May be a good thing to have one day soon if it is something you can afford or if you are a DIY’er…….
 http://www.hiddenpassageway.com/
 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

~~~~~~~~~~~~~~~~~~~~~~~~~~~Simply Southern in Alabama~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

1 Comment

Filed under life

Tags: corn prices, food, stock up, wshtf