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| Was it really ethanol?..............or was it Chi-com demand and drought more the driver. We now watch ethanol use steady, but without Chinese demand, corn supplies build as the USA dollar makes the USA a sellor of last resort.
The 8.00 dollar corn driven by drought, Chinese and ethanol use brought into production 180 million new acres worldwide that Chinese now draw on for grain supplies with those currencies giving them huge advantages. The Russian demand in the late 70's also brought on millions of new acres........resulted in 35 million acres here going to CRP........
This is going to end up being analogus to cheap immigrant labor taking away American jobs here and abroad.............USA Ag is going to have to meld itself to compete with 4.00 rent in the Ukraine, where JD, CaseIHC, Monsanto et all were teaching them how to farm for the last decade | |
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It's not the market
