On Aug 17, 2012, at 4:19 PM, John D'hondt wrote:
What is the draught doing in your calculations Tony.
I'm glad you asked--it makes my point! The USDA harvest projections show how complex and unpredictable the food systems are. Harvests of all grains are down 12-15% in the US--which means the worst harvest in 8-10 years; far less of a catastrophe than one might think, given that the drought is the worst in 56 years. But get ready for this: The projections are for greater total stocks of corn than last year by 10% or more, because the decline in the global economy means less exported corn, less being made into ethanol, and, for reasons I haven't learned, we are importing more this year.
http://www.agweb.com/blog/Farmland_Forecast_148/
From monday there will be another 6 cent added to petrol price here. I amall for non-linear thinking but I still can't see how this is going to improve anything?
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