Grains, Soybeans Drop as Plunging Stock Markets Curb Demand

[jpak]

http://www.bloomberg.com/apps/news?pid=20602013&sid=a1reHnSj_KBM&refer=commodity_futures

Nov. 20 (Bloomberg) -- Corn, soybeans and wheat plunged as global stocks tumbled to a five-year low, increasing speculation that a weakening world economy will curb demand for food, animal feed and alternative fuels made from crops.

The MSCI World Index dropped as much as 5 percent to the lowest level since April 2003. Global equities have lost more than $32 trillion amid the worst financial crisis since the 1930s. Wheat, soybean and corn prices are down 48 percent or more from records this year.

``Record prices earlier this year set in motion declining demand and now the markets are fearful of demand destruction'' during a global recession, said Gary Rhea, president of Risk Management Partners in Des Moines, Iowa. ``Demand is declining until lower prices improve buying interest.''

Corn futures for December delivery fell 15 cents, or 4 percent, to $3.6375 a bushel on the Chicago Board of Trade. Earlier, the price touched $3.6025, matching a one-year low set on Nov. 11. The most-active contract is down 54 percent from a record $7.9925 on June 27.

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[LiberalEsto]

1. Oh boy! Cheap Tofurkey! nt

[GliderGuider]

2. "a weakening world economy will curb demand for food"

That can't be a good thing...

Now at least we may get to find out if the ecologists are right, that human populations behave like every other animal population -- when faced with a food shortage the population declines.

[NNadir]

3. Isn't poverty wonderful?

I can imagine the number of turkeys planning indifferent locally grown turkey dinners who will giggle over this matter endlessly and talk about how it is great for their cars "renewable portfolio's."

[jpak]

4. Koo koo, Koo koo, Koo koo

:rofl:

[Systematic Chaos]

5. Dude, I bet even your imaginary friends are on suicide watch.

[jpak]

6. I have an imaginary wife that never reads DU

and imaginary kids that were the same age in 2002 and they are in 2008

and live in a large imaginary house in an imaginary upscale yuppie neighborhood in New Jersey

and attend imaginary scientific meetings

and proclaim that I'm an imaginary scientist!!!!1111

:rofl:

[NNadir]

7. Well, Giggles, never let it be said that you have any connection to reality..

The fact is kiddie, that you've been so disconnected for so long to so much disinformation, misinterpretation, and - and how common is this? - clerical ignorance, that you have would embarrass yourself, had you the capacity to understand embarrassment.

Speaking of 2002, wasn't that the year that you started coming here announcing "world's largest" solar miracles, the dawning solar revolution, and how economics would shut the world's nuclear plants, and how every yuppie with a dumb hydrogen HYPErcar would be living in renewable nirvana?

http://www.eia.doe.gov/cneaf/alternate/page/renew_energy_consump/table1.html

Ha! Ha! Ha! Giggle! Giggle! Giggle!

Smiley! Smiley! Smiley!

Because you do not care about humanity, because you are a cleric, because you do not know what it is to love a family, because you have no investment in the future, because you have no personal story to tell, you subsist entirely on ignorance and delusion.

Humanity has probably lost the struggle, but no matter what trust fund turkeys have to say about me (because they cannot confront my ideas on anything like an equal footing), I feel I will be able to face myself on my deathbed in a cognizant fashion.

Because you are oblivious, indifferent, and morally vapid, I have no doubt that you will not feel a trace of moral shame when you die - and you will die yuppie - but again, it will be in the same fashion as Pope Urban VIII, another dogmatic anti-science freak - felt no moral shame, and the way that Bush feels no moral shame.

The world and history will not agree with your high opinion of yourself.

[jpak]

9. "and you will die yuppie"

Sick fuck

:rofl:

[excess_3]

8. cheap food,,,, good or bad? .n/t