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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who started this subject1/11/2004 3:00:38 PM
From: russwinter  Read Replies (1) of 110194
 
For those willing to humor me on my runaway food inflation thesis, and my green and yellow maps of soybean growing corners of the world (that ironically will probably end up influencing 2004 economic events more than the Wizard of Oz's Ben and Al)here's the Argentina part of the story.

Background:
Argentina produces about 12% of world soybean production. The planting and flowering season runs about two weeks after Brazil.
spectrumcommodities.com
As the NOAA map shows the northern part of the Cordoba-Sante Fe growing area is bone dry.
cpc.ncep.noaa.gov

So that exposes roughly one-third of the key soybean crop world production to adverse conditions, at a very bad time (quarter century low grain stocks, and in a climate of cash is trash hyper-speculation in "things to go long": caused in large measure by hyper-stimulative monetary conditions). Put that in your pipe and smoke it, Ben.
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