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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (8284)	2/19/2004 9:05:57 AM
From: russwinter	Read Replies (1) \| Respond to of 110194

Not especially, looking like an average SA crop so far. Their is system is overstrained anyway. SHANGHAI, Feb 19 (Reuters) - China is gorging on resources from soybeans to steel to fuel its economic growth and feed a quarter of the world's population, boosting prices of many commodities to multi-year highs. The table below shows how imports of major commodities have risen and are expected to climb. Figures in millions of tonnes: Commodity Imports Benchmark price 1999 2003 2004 (forecast) Copper 0.40 1.36 1.45 LME copper Wheat 0.45 0.42 4.00 CBOT wheat Soybeans 4.32 20.74 19.0* CBOT soy Crude oil 36.61 91.12 96 WTI Iron ore 55.27 148.00 180 N.A. *: Imports expected to fall due to bird flu and high soybean prices. Source: Chinese customs figures, Reuters, industry analysts