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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (72462)	12/17/2007 3:44:24 PM
From: Tommaso	Respond to of 116555

Link to USDA statistics on wheat, rice, and corn. Notice the decline in ending stocks over the three years. This is in a context of increasing population and increasing preference for a better diet, including more meat; and rasing pigs and cattle uses grain that can feed human beings. Then there's the ethanol thing. The world has in storage something like a seven-week supply of food grains, which must be continually replenished by year-round harvests from north and south of the equator. edit--correcting bad link enable popup and under Reports expand "grain and pulses" and click on "all grain comparison": fas.usda.gov