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Farmers scramble to finish harvest from hell

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posted on Nov, 18 2009 @ 05:00 AM
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Well folks, its been a bad year for many down on the farm. First it seemed like it was going to be too dry, then there was a cold snap, and then lots of rain. People are ploughing under failed grain crops that are rotting away in puddles of stagnant in water now.

See:
www.reuters.com...



Late-maturing crops and persistent rain throughout October halted fieldwork, making this the slowest start for the U.S. harvest since the 1970s. The delays -- and questions about crop quality -- have kept Chicago Board of Trade grain markets on the boil.

"Just look at the price of corn from October to now. The delayed harvest has had a bullish impact on prices," said Terry Reilly, an agricultural analyst with Citigroup.

PRICES UP

CBOT corn futures are up about 15 percent since October 1. CBOT soybeans, already supported by strong export demand from China, are up about 7 percent.


In a normal year, farmers would be nearly finished harvesting the two primary crops, which help feed people across the globe, from Europe to Asia to Africa.





[edit on 11/18/09 by silent thunder]

MOD NOTE: Posting work written by others

[edit on Wed Nov 18 2009 by DontTreadOnMe]




posted on Nov, 18 2009 @ 10:12 AM
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reply to post by silent thunder
 


This is god at work, that # is poison. Hopefully people won't rely so heavily on corn, soybean and grains this year leading to health improvements



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