5 replies to this topic

[Rogerdodger]

Corn planting exceeds expectations
7/1/2007

DES MOINES, Iowa -- Farmers this year planted the most corn since the waning days of World War II, outpacing already high expectations for the crop, according to a federal report issued Friday.
Fueled by high demand and high prices for corn, farmers planted an estimated 92.9 million acres of corn, the U.S. Department of Agriculture reported. That's 19 percent more than in 2006 and was well above an earlier government estimate.
"We should also kind of see a softening, a weakening of corn prices," he said.
Corn for July delivery closing at a price down 10 cents to about $3.29 a bushel Friday on the Chicago Board of Trade.



Did they mention this drives up prices for other crops which have reduced plantings as a result?

See: Limit up "Beans in the teens"

Edited by Rogerdodger, 01 July 2007 - 10:48 AM.

[spielchekr]

This will not impact the quality issues for another 7 to 10 years. But we should see an immediate impact on the rest.

[Rogerdodger]

All of this while the use of ethanol for fuel is an expensive joke.

I read that years ago it was discovered that by putting electric motors on the back wheels and electric generators on the front wheels, a car could run without any fuel.
Further, by putting smaller tires in the front, the car would always be going downhill, thus producing more power than it used!

A small windmill could be put on the car's roof and supply power for air conditioning, etc.

But "Big Oil" bought the patent and buried the idea.

In fact, sometimes you can still see the old cars around the country, buried up to the roof with only the windmill showing.

[img]http://tbn0.google.com/images?q=tbn:F2RjEqIuJaPw-M:http://www.japanfs.org/db/image/photo1122.jpg[/img][img]http://tbn0.google.com/images?q=tbn:7HXgErwLqtYZuM:http://www.webslnger.com/hovercraft/images/joescar.jpg[/img][img]http://tbn0.google.com/images?q=tbn:1ePmZsS1NFTAZM:http://therawfeed.com/pix/solar_and_wind_powered_car.jpg[/img][img]http://tbn0.google.com/images?q=tbn:dfaYqy7puGh43M:http://robot-club.com/burn/windmill-test.jpg[/img]


Check out this: WIND POWERED ROBOT on youtube.

Edited by Rogerdodger, 01 July 2007 - 12:05 PM.

[Sentient Being]

Yeah, they are all growing corn to sell for ethanol, so the price of everything else is going to go up!

[chris]

Beans-Corn spread reached an extreme at the beginning of the year.

[ogm]

Good news for ethanol stocks.

And another good news is that senate has passed a new energy bill that mandates increase in ethanol use almost seven fold to 36 bil gallons in 2022.

Our beloved president can't wait to sign it into law.

I'm loaded on ethanol stocks over the past few days. Go Ethanol !


Yeah, yeah, I know ethanol isn't very efficient and prices on everything else will probably rise, but... I intend to profit from ethanol stocks as much as I can.


The big picture is.. ethanol is real, its here, and it gives politicians a lot of benefits. Lots of brownie points from corn growing states. And they can always say that they are doing something to make the country independant from foreign gasoline.

Sentiment in ethanol sector is horrible. Everyone hates the stocks. Get ready for a rally.


http://www.marketwat...mp;siteid=yhoof

"
Energy bill's winners and losers
Ethanol wins, Detroil loses, Big Oil dodges the bullet
By William L. Watts, MarketWatch
Last Update: 2:07 PM ET Jun 22, 2007

WASHINGTON (MarketWatch) -- Like most pieces of sweeping legislation, the energy bill passed late Thursday by the Senate offers a variety of winners, losers and those that fall somewhere in between.
If any industry clearly comes out ahead, it's the ethanol business, analysts say. The Senate bill massively boosts the mandate for ethanol use from 7.5 billion gallons in 2012 to 36 billion gallons by 2022.
The Senate easily brushed aside concerns raised in some quarters that ethanol-related demand for corn could translate into higher food prices for consumers and higher feed prices for livestock producers. Proposals to rescind a tariff on ethanol imports and to reduce the ethanol production mandate if the Agriculture Department determined there was a corn shortage were both turned back during debate.
The ethanol mandate is "the part of the bill that has the broadest consensus to it. It's a good initiative for the ethanol industry. It's a nice growth driver ... and I think one way or the other the Congress will help facilitate the growth of that industry before the next election," said Mark McMinimy, an agribusiness analyst at Stanford Group Co.
A boost in government-mandated demand offers another dose of long-range good news for ethanol producers such as industry giant Archer Daniels Midland Co.
"Certainly the consumption mandate ... is a real nice growth driver for the industry and for a lot of companies that are leveraged to ethanol either as input suppliers or service providers," including seed, fertilizer and farm-equipment makers, McMinimy said.
Ethanol producers have seen their stock prices flag in recent months amid concerns about a near-term supply glut and the impact of rising commodity prices.

...............

"

Edited by ogm, 01 July 2007 - 05:58 PM.