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| 06:54 AM | ||
| Users Online Now: 1,934 (Who's On?) | Visitors Today: 598,836 | |
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| 06:54 AM | ||
The world has just 10 weeks of wheat left! | |
| Anonymous Coward User ID: 83254638  United States05/24/2022 03:09 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 83104842 United States05/24/2022 03:15 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 80514643 United States05/24/2022 04:08 AM Report Abusive Post Report Copyright Violation | |
Z_Spirit
 User ID: 77482022 United States05/24/2022 04:51 AM Report Abusive Post Report Copyright Violation | The world has just 10 weeks' worth of wheat stockpiled after Vladimir Putin's invasion of Ukraine disrupted supplies from the "breadbasket of Europe". Quoting: telling it straight Several news outlets are reporting this story. This has the potential to get people panic buying IMO. The biggest outlet is one from the UK but for some reason I can’t post the link. Google this and you’ll see what I mean. There’s lots of coverage on this right now. There are other things to eat besides Wheat. Too much bread is not good for you anyhow. Z |
| Anonymous Coward User ID: 79837853 United States05/24/2022 05:04 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 79185004 United States05/24/2022 05:08 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 76694111 05/24/2022 05:47 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 80112633  Canada05/24/2022 05:48 AM Report Abusive Post Report Copyright Violation | [link to www.insider.com (secure)] Quoting: telling it straight Menker said estimates from official government agencies from across the world show that wheat inventories at 33% of annual consumption, but added that models created by Gro Intelligence show that the figure may actually be closer to 20%, a level not seen since 2007 and 2008. "...20%, a level not seen since 2007 and 2008..." It's 2022 and we are still here. |
| JustmeTX
User ID: 80193276 United States05/24/2022 04:21 PM  Report Abusive Post Report Copyright Violation | Stop growing corn just to make shitty ethanol gasoline additive. Quoting: JustmeTX This wastes arable land, fertilizer, etc etc. and doesn't even break even on the energy used to produce it. Plus corn is the worst crop there is for preservation of farmland. 40% of the US corn crop is devoted to making ethanol fuel. [link to www.agriculture.com (secure)] 5 billion bushels of corn a year is not chicken feed! :) Yep. Ridiculous that at a time like this (high fuel prices and food shortages) that THIS GOV shuts down oil production and USES FOOD FOR FUEL. Freaking insane. The corn used for ethanol is not typically consumed by humans. Don't confuse it with sweet corn. The point was to grow something else on that soil and use taht fertilizer to grow wheat or something. Also, field corn is used to make cornbread, masa, hominy, etc. Corn is corn for the most part. Justme |
| telling it straight
(OP) User ID: 73739041  Guatemala05/24/2022 06:11 PM  Report Abusive Post Report Copyright Violation | [link to www.insider.com (secure)] Quoting: telling it straight Menker said estimates from official government agencies from across the world show that wheat inventories at 33% of annual consumption, but added that models created by Gro Intelligence show that the figure may actually be closer to 20%, a level not seen since 2007 and 2008. "...20%, a level not seen since 2007 and 2008..." It's 2022 and we are still here. Here ….for now. |
| Anonymous Coward User ID: 83195606  Australia05/24/2022 10:23 PM Report Abusive Post Report Copyright Violation | I would observe that the wheat and other crops will be sold to the highest bidder. If that bidder is in another country, the crop goes there. Even if that bidder is in your same country, you get soaring prices. Quoting: Lowkey Cyberpunk Neither situation is something to be complacent about. would be the futures market. you buy a contract to get future delivery. can be anyone in the world. Not true. Countries have export controls and can deny an export permit/license for any reason they want. It is why I don't care if the Chinese buy all the farms in Australia because technically the government can stop any of the food being exported. |
