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To: gold$10k who wrote (12467)3/12/2008 7:35:48 AM
From: TheSlowLane  Respond to of 29622
 
It's a simple story, no need to gussy it up, imo. We have the lowest carryover of grains on record, relative to consumption, since records have been kept. This is with no crop failures or weather issues. So the "slack" in the system is gone. The most recent grain increases have not filtered through the food chain yet, but they are in the pipeline. I used to be concerned about rapidly rising food prices, now I am praying for good weather in the Midwest, given the people like the CEO of Potash and Don Coxe are warning about the prospects of famine if we get anything less than record crops this year.

tsl