Reply With QuoteGood for the US.Originally Posted by Ought Six
How Record Heat Wave Is Threatening a Key US Crop
http://www.cnbc.com/id/48017324
Corn shortages and the resulting higher grain prices have a wide-reaching effect on our economy. A lot of food products are made from corn, including fast food and chips. Expect your Taco Bell and Doritos to hit your wallet harder. Corn is animal feed, so expensive corn will push up meat prices down the road. High-fructose corn syrup is the sweetener used in a wide variety of products, especially soft drinks, so they will go up in price as well. Corn is used to make ethanol, and most of the gasoline we burn is 10% ethanol. This means higher gas prices. All of this will be a further burden on an already weak economy.
Good for the US.
Every single ****ing thing has corn in it. It's ridiculous.
I wrote a paper in high school about how almost everything has some relation to corn. No one listened.
Great, more bad news. Next thing you know there will be a porn shortage due to expensive cornflakes and lack of suntan lotion.
It's hot as ****...
Anybody ever gone to the store and tried to buy nothing with corn products in it? You have to look I'll tell you that.
Bio fuels border on insanity, foods is made for eatings.
****ing rain was promised at least eight times this month.
****ing nothing yet. Supposedly a TStorm tomorrow and the next. We'll see.
Big rain or tstorm was supposedly today as well. I could feel it earlier, it looked ominous...but it passed on like a pussy
We're going to ****ing get all the rain in Fall I bet. Eh, at least tje first half of the month was rather chilly.
ehh.
doesn't the corn industry use the commodities market to kind of mitigate this type of risk? Isnt that the whole purpose of that type of market.
On another note, the government should really get out of the business of agriculture. If corn cant compete internationally then maybe that's a sign that they need to fix things and not ask for a handout. Hopefully it doesnt get so bad that it follows the route of the zenith tv (last american made tv?)
Exactly, biofuels are retarded. Hey, lets make food into fuel while millions starve. Brilliant!
Thing is, even before the biofuel boom, the majority of corn isn't grown for direct human consumption but for all the products you can get out of it, from animal feed, to corn syrup, to grain alcohol, and more.
We are currently so dependent on this water-and-fertilizer-guzzling grass that it would be unsurprising to see a minor societal collapse if you get rid of it entirely.
Americans consume way too much corn syrup, thats for sure.
Mayor Bloomberg will be happy........ecstatic.
True, watched Food Inc (I think that is the Doc that shows all the products made from corn, just chemically modified). Worth a watch. Future of Food is good too.
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