ANd what would an article about commodities be without bringing up China's "exploding" demand. Whenever you read or write about China just be sure to use words like "exploding", "voracious", and "insatiable" and you will sound like you know what you are talking about. I say, can you imagine? Those bloody Chinese want to spend some of the hard earned money they have on things like good food! Egads!!!
And now Venezuela is threatening to cut off FOOD exports...
And we might have to replace the "O beautiful, for spacious skies, for amber waves of grain" in "America the Beautiful". America is running out of those "Amber Waves of Grain" in part perhaps because one too many of those "poor, huddled masses" showed up and went "forth and multiplied". America is no longer the bread basket to the world. We might not even be the bread basket to the East Coast if we keep up our denial of the effects of the exponential function on population.
Call me crazy, but as I have said before, Americans will prefer eating to driving.
Ah, don't worry about it. This is all just alarmist B.S. There's nothing to any of this! There is plenty of oil in Alaska and grain in Nebraska. The problem is those dirt bag speculators!! There wouldn't be a problem if it weren't for those capitalist bastards!
Yours for a better (newer, thiner you!) world,
Mentatt (at) yahoo (d0t) com