and the hits keep on comin......think this is inflationary???

[galileoreloaded]

http://www.desmoinesregister.com/apps/pbcs.dll/article?AID=/20080921/BUSINESS03/809210324/1032

"Assuming the government's latest crop forecast is right and this fall's corn and soybean harvests are sufficient to meet demand, stocks of corn and soybeans are still expected to fall to historically low levels. That's even as biofuel production and global grain consumption are likely to keep growing.

Corn supplies are projected to fall by one-third to just more that 1 billion bushels, or about one month's consumption, when harvest starts next fall. Supplies could be even tighter; many analysts think the latest production forecast is overly optimistic.
Advertisement

Going into 2009 there is no stock cushion for either" commodity, said Keith Collins, the Agriculture Department's former chief economist. "There is little margin for error."

[Tandalayo_Scheisskopf]

1. There is but one problem with this:

This "biofuels explosion" is not the juggernaut that a lot of people were expecting. Some plants are shutting down, because the market is glutted with fuels.

Sounds like someone was blowing smoke up the ass of the reporter, trying to get something going.

[galileoreloaded]

2. or underreported crop destruction due to a big flood. N/T