bluetick

Corn and Its Industry: The Next Tobacco

Fertilizer prices will get in line with the value of the crops they are used on, and sooner than later.

The POTs, MOS, TRA's, CF's of the world can no more afford to not sell the only product they produce than can the rest of us. Their mgt is reluctant to cut prices when there is no prompt demand (now), but when serious demand returns in Nov/Dec, their prices will fit what a farmer can afford to pay. Otherwise, no sales, no profits, no jobs.

Also, has anybody read that the Asians have changed their eating habits back to rice 3X a day? Have they solved their projected population increases in the last 60 days? Just wondered, since corn dropped from $8/bu down to $3.50 in last quarter or so. Thank the 1)Hedge fund fiasco, 2) Financial collapse, 3) Upcoming election.

Corn and Its Industry: The Next Tobacco

This is probably the most ridiculous article I have ever read. The US is full of 75-90 yr old geezers who have eaten corn fed critters every day of their entire lives.

The US & world can no more exist as we know it without corn, it is as essential as clean drinking water and electricity to our lives.

Corn provides about half of the feed rations for cattle, pork, & poultry, the other major ingredient is soybean meal. There is no suitable substitute that can be grown in adequate volume to replace corn- none.
If there was, we would have switched to it decades ago.

The author is correct about our general poor state of health, but it is solely due to the fact that we sit on our dead butts and refuse to get a needed amount of exercise on a regular basis. The ones of us who do can get away with almost anything in our diet and still remain very healthy. The ones who shun exercise are the ones you read about in the obits in their 50's.

Finally, E85 will likely never be a viable, competitive source for auto fuel.
But ethanol, as an additive to gasoline (to replace MTBE maybe ?), probably has a future. When that level of ethanol production is reached, there will likely be no new plants built.