Infinite Unknown

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The meat prices will very soon go through the roof too, because the livestock is fed with corn, soybeans and hay. And the prices will continue to rise because of accelerating inflation, the missing bees, flooding and more natural disasters coming. - The Infinite Unknown
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Source: Cattle Network

Tags: climate change, earth changes, Food, Food Prices, Grain, Inflation, rice, soybeans, wheat

The crest of the swollen Mississippi River moved downstream yesterday as volunteers manned sandbagged levees and coped with the costs of the Midwest’s worst flooding in 15 years. “At times like these you don’t know whether to cry or laugh. But here in the Midwest we tend to favour the latter,” said Charlotte Hoerr, who, with her husband Brent, farms land not far from the river in this small Missouri town.

The river overcame more than two dozen levees last week, submerging small towns and vast stretches of prime farmland as the nation’s most vital waterway absorbed the run-off of torrential rains that put many Iowa towns under water. The Midwest flooding and storms are expected to push US and world food prices higher. Up to five million acres of newly planted crops have been lost at the heart of the world’s top grain and food exporter. Prices for corn, cattle and pigs all set records this week owing to the floods, as a world economy already hit by inflation from rising energy prices absorbed the blow.

Related articles:
- The U.S. Has No Remaining Grain Reserves
- Nine meals from anarchy - how Britain is facing a very real food crisis
- Time to Stockpile Food?
- Food Riots are Coming to the U.S.
- UN alert: One-fourth of world’s wheat at risk from new fungus
- THE FOUR HORSEMEN APPROACH - FAMINE IS IN THE AIR

(Wake up: “World Situation” & Prepare yourself: “Solution” - The Infinite Unknown)

Continue reading »

Tags: corn, Disaster, flood, Food, Food Crisis, Food Prices, Food shortages, G. W. Bush, Grain, Iowa, Mississippi, wheat

The swollen Mississippi River ran over the top of at least 12 more levees on Wednesday, as floodwaters swallowed up more U.S. farmland, adding to billion-dollar losses and feeding global food inflation fears.

Volunteers and aid workers were piling sandbags up and down the most important U.S. inland waterway to try to protect more levees and thousands of acres of prime crop land threatened as the river’s crest moves south after last week’s torrential rains.

About 10 levees were breached earlier this week, bringing the total to 22 on Wednesday. The levee breaches lowered the river level by letting water spill onto the surrounding land.

“Their misfortune had been our fortune. I’d rather it hadn’t come at the expense of others. But it is what it is,” said Steve Cirinna of Iowa’s Lee County Emergency Management Agency. Continue reading »

Tags: climate change, corn, earth changes, Food, Food shortages, Inflation, Mississippi, soybeans, U.S., wheat

Iran’s President Mahmoud Ahmadinejad

Iran urges the OPEC member states again to convert their cash reserves into a basket of currencies rather than the tumbling US dollar.

Speaking at a ceremony to open the 29th ministerial meeting of the OPEC Fund for International Development (OFID), Iran’s President Mahmoud Ahmadinejad repeated his proposal made about six months ago in a rare summit of the Organization of Petroleum Exporting Countries’s heads of states.

“The fall in the value of US dollar is one of the pressing problems of the world today,” warned the Iranian president at the conference in Isfahan on Tuesday.

He further expressed concern over the adverse effect of the dollar depreciation on the international community, especially energy exporting countries through increasing the price of commodities like wheat, rice and oilseeds. (This could have also been said by Ron Paul or Jim Rogers. - The Infinite Unknown)

Ahmadinejad said he warned six months ago in the summit conference in Riyadh that there were many indications pointing to continued fall in the value of the greenback.

“And we see that this continues to happen and the resources and wealth of OPEC member countries have been hugely damaged.

“I again repeat my previous proposal; we should have a basket of different international hard currencies as the basis or the member countries should come up and produce a new hard currency for petroleum contracts,” he stressed.

“They get our oil and give us a worthless piece of paper,” Ahmadinejad said earlier after the close of the summit in the Saudi capital of Riyadh. (Which is absolutely correct too.)

The comments by the Iranian president gained backing from Venezuelan President Hugo Chavez as he said at the same event, “The empire of the dollar has to end.” Continue reading »

Tags: Commodities, Dollar, Inflation, Iran, Mahmoud Ahmadinejad, Oil, Oil Prices, OPEC, rice, wheat

CHICAGO (Reuters) - U.S. corn futures soared more than 4 percent to a fresh record high for the fifth consecutive trading session on Wednesday as flooding expanded in the U.S. Midwest, harming the 2008 corn crop.

“There’s still no indication that we’re getting ready to change this pattern. Concerns continue from planting issues to emergence to crop development,” Mike Palmerino, forecaster for DTN Meteorlogix, said.

Corn prices on the Chicago Board of Trade have surged 80 percent over the past year, with nearly 17 percent of that tacked on just this month.

Soybeans surged 3 percent and wheat leaped nearly 5 percent as those markets followed corn, but the historic rainfall and flooding in the United States also were beginning to hurt soy and wheat crop prospects.

“There is definitely concern. There is way too much water and, even if it is drier next week, it won’t matter now. It’s too late to plant corn and even bean yields are being affected,” Vic Lespinasse, an analyst for GrainAnalyst.com, said.

Corn prices rallied the daily trading limit of 30 cents per bushel early in the session and the new-crop July 2009 contract soared to a record $7.56-1/4, surpassing the record of $7.35 set in during Asian trading hours.

By midday, U.S. corn for July 2008 delivery was locked up the 30-cent limit at $7.03-1/4 per bushel.

The U.S. Department of Agriculture this week slashed 5 bushels per acre from its estimate for U.S. corn yields because of excessive rainfall and flooding in key corn states, including top producers Illinois and Iowa.

Now there are ideas that yields and corn acreage will fall further because it keeps raining. This season has come the closest to the historic flood in summer 1993.

“That’s the year everyone is looking at as a comparison,” Palmerino said.

That summer the U.S. Midwest suffered from heavy flooding after weeks of rain that eventually caused the Mississippi River, a major North American river and grain shipping artery, to flood, washing out surrounding corn and soybean fields.

“The size of the corn crop is coming down, and maybe the wheat crop too,” said Chicago cash merchant Glenn Hollander of Hollander-Feuerhaken.

U.S. wheat markets leaped to keep up with corn and now the maturing winter wheat crop is being threatened by the rains.

Wheat for July delivery was up 58 cents per bushel at $8.67 per bushel at midday, nearing its 60-cent trading limit.

European grain markets followed the trends at the CBOT, extending their early rally. In Paris, the benchmark November wheat contract settled up 12.75 euros, or 6.6 percent, at 205 euros a tonne, after hitting 205.25 euros, its highest level since April 17.

“If you look at corn prices, wheat can only rise. We can’t have wheat cheaper than corn,” a European trader said.

U.S. traders said the excessive wet weather in the U.S. crop region was the main driver of the markets, but they also tied some of the gains to a strong rebound in crude oil and gold as the dollar fell.

“More rain is exactly what we don’t need, and today we have the added support from crude oil being up,” Lespinasse said.

U.S. soyoil, a key resource for the biodiesel industry, soared following crude oil, and soybean futures held to their own limit gains.

U.S. soy for July delivery was up its limit of 70 cents at $15.16-1/2 per bushel.

(Additional reporting by Christine Stebbins in Chicago and Sybille de La Hamaide in Paris; Editing by Walter Bagley)

By Sam Nelson
Wed Jun 11, 1:20 PM ET

Source: Reuters

Tags: CBOT, corn, Food, Food Prices, Food shortages, soybeans, wheat

WASHINGTON - Larry Matlack, President of the American Agriculture Movement (AAM), has raised concerns over the issue of U.S. grain reserves after it was announced that the sale of 18.37 million bushels of wheat from USDA’s Commodity Credit Corporation (CCC) Bill Emerson Humanitarian Trust.

“According to the May 1, 2008 CCC inventory report there are only 24.1 million bushels of wheat in inventory, so after this sale there will be only 2.7 million bushels of wheat left the entire CCC inventory,” warned Matlack. “Our concern is not that we are using the remainder of our strategic grain reserves for humanitarian relief. AAM fully supports the action and all humanitarian food relief.

Our concern is that the U.S. has nothing else in our emergency food pantry. There is no cheese, no butter, no dry milk powder, no grains or anything else left in reserve.

The only thing left in the entire CCC inventory will be 2.7 million bushels of wheat which is about enough wheat to make 1⁄2 of a loaf of bread for each of the 300 million people in America.”

Related articles:
- Nine meals from anarchy - how Britain is facing a very real food crisis

- Time to Stockpile Food?

- Food Riots are Coming to the U.S.

- UN alert: One-fourth of world’s wheat at risk from new fungus

- THE FOUR HORSEMEN APPROACH - FAMINE IS IN THE AIR

More here: World Situation “Stock up FOOD and WATER NOW!” - The Infinite Unknown

The CCC is a federal government-owned and operated entity that was created to stabilize, support, and protect farm income and prices. CCC is also supposed to maintain balanced and adequate supplies of agricultural commodities and aids in their orderly distribution. Continue reading »

Tags: Food, Food Crisis, Food Prices, Food shortages, Grain, U.S., USDA, wheat

Scientists and international organizations focused on controlling wheat stem rust have said 90 percent of world wheat lines are susceptible to Ug99. The situation is particularly critical in light of the existing worldwide wheat shortage.

Word of the new wheat disease comes amid global shortages of rice and wheat resulting from typhoon-related flooding in Java, Bangladesh, and India and from agricultural pests and diseases in Vietnam. Last year Australia suffered its second consecutive year of severe drought and a near complete crop failure, heavy rains reduced production in Europe, Argentina suffered heavy frost, and Canada and the U.S. both produced low yields.

Food riots have broken out in Egypt, Haiti and several African states, including Mauritania, Cameroon, Cote d’Ivoire, Burkina Faso and Senegal in recent months.

Tuesday, May 13, 2008

Source: World Tribune

Tags: Afghanistan, Burkina Faso, Cameroon, Egypt, Food Riots, Fungus, Haiti, India, Iran, Kazakhstan, Mauritania, Pakistan, Senegal, Turkmenistan, ug99, Uzbekistan, wheat, Wheat Rust

There is a time for food, and a time for ethical appraisals. This was the case even before Bertolt Brecht gave life to that expression in Die Driegroschen Oper. The time for a reasoned, coherent understanding for the growing food crisis is not just overdue, but seemingly past. Robert Zoellick of the World Bank, an organization often dedicated to flouting, rather than achieving its claimed goal of poverty reduction, stated the problem in Davos in January this year. ‘Hunger and malnutrition are the forgotten Millennium Development Goal.’

Global food prices have gone through the roof, terrifying the 3 billion or so people who live off less than $2 a day. This should terrify everybody else. In November, the UN Food and Agricultural Organization reported that food prices had suffered a 18 percent inflation in China, 13 percent in Indonesia and Pakistan, and 10 percent or more in Latin America, Russia and India. The devil in the detail is even more distressing: a doubling in the price of wheat, a twenty percent increase in the price of rice, an increase by half in maize prices. Continue reading »

Tags: biofuel, Burkina Faso, Cameroon, China, Condoleezza Rice, Egypt, Food, Food Crisis, Food Prices, Food Riots, G. W. Bush, Government, Grain, Haiti, India, Indonesia, Mauritania, Mexico, Pakistan, rice, Robert Zoellick, Russia, Senegal, Somalia, U.N., Uzbekistan, Wall Street Journal, wheat, World Bank, Yemen

“Police agencies and military units are training around the clock every day of every week across the land in preparation for riots, confiscations and detentions on a scale never before contemplated. Communications will be controlled, then severed, as the government and the military begin a “black-out” that will erase the final “freedom” that Americans have enjoyed through the use of cell phones and the internet. This will be so they can implement their battle plans without your knowing of it or being able to sound the alarm.”

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Hyperbole is not something I engage in for shock value alone and it is definitely not something I enjoy contemplating while discussing our national state of affairs. However, it is becoming more and more commonplace in discussions that deal with the United States and its immediate future.

If, as casual readers of current events, you have become aware of the escalating sense of urgency, with the impending multiple world crises, then you are most likely comprehending the current history making events as they unfold. Wars and rumors of war, pestilence, mysterious shakings in the heavens, earthquakes, AND now the ravages of world-wide famine are occurring around us at this very moment. Does this announce the Biblical introduction of the “end times?” I cannot answer that. I am not qualified to assess those prophesized events from a theological perspective. I can tell you from a military frame of mind, a common sense evaluation and a law enforcement point of view, that these days are like riding on a wild cat’s ass, and you ain’t seen nothing yet.

I have been sounding the call for your total commitment and preparation as one crises leads to another. I have laid out before you the need to store food, water, natural medicines, weapons, rugged winter clothing, extra tools and hardware. I have suggested geographical locations and travel routes to many of you who just couldn’t quite figure it out. Further, I have warned you of shortages of fuels, bulk foods and ammunition. The message has been loud and clear. I know also that it has been easier to shove all this aside and get on with other, simpler things. Simple times are over. Continue reading »

Tags: Bilderberg, Disaster, Food, Food Prices, Four Horsemen of the Apocalypse, Government, Martial Law, Military, Police, rice, riots, Rockefeller, Rothschild, shortages, U.S., water, weapons, wheat

The global free market for food and energy is facing its biggest threat in decades as a host of countries push through draconian measures to hold down prices, raising fears of a new “resource nationalism” that could endanger world food security.

Somali’s demonstrate against high food prices in the capital Mogadishu. At least two people were killed in clashes

India shocked the markets yesterday by suspending trading in futures contracts for a range of farm products in a bid to clamp down on alleged speculators and curb inflation, now running at 7.6pc.

The country’s Forward Markets Commission said contracts for soybean oil, chana (chickpeas), potatoes, and rubber had been banned for four months, even though a report by the Indian parliament last month concluded that soaring food costs had almost nothing to do with the futures contracts. Traders in Mumbai slammed the ban as an act of brazen political populism.