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lovuian

(19,362 posts)

100. Perhaps we shouldn't have sold are Corn to China in 2011

Sun Feb 12, 2012, 02:16 AM

Feb 2012

http://blogs.desmoinesregister.com/dmr/index.php/2011/10/14/corn-sale-to-china-confirmed/

The U.S. Department of Agriculture Friday confirmed the sale of 35 million bushes of corn to China, somewhat less than the 60 million bushels rumored early in the week but enough to send corn up 10 cents per bushel to $6.48 at the open on the Chicago Board of Trade.

Soybeans were up 16 cents per bushel to $12.73. Hog and cattle prices also were up, maintaining record levels due to strong demand, particularly for exports.

Chinese purchases have been rumored all spring and summer but have been hard to track since the USDA often puts them in the “unknown destination” category. China is known to prefer to buy when corn prices reach the low $6 per bushel level.

this is Capitalism at its finest

US citizens pay more and China gets the corn
what is wrong with this picture

It happened to the Irish when their crops were sold to the British and the people of Ireland starved
think about it

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Wait until you go to the grocery store this week,. I thought I'd faint. [View all] Paper Roses Feb 2012 OP

I think a lot has to do with weather The Blue Flower Feb 2012 #1

Maybe with the weather up north? Here in Dallas, prices are not zooming up. Honeycombe8 Feb 2012 #25

What kinds of groceries? JDPriestly Feb 2012 #2

Products in every category are higher. At least those that I buy. Paper Roses Feb 2012 #33

Yes. We go to the 99 cents and Dollar stores. JDPriestly Feb 2012 #35

The stuff from the Dollar Store is actually a ripoff, in many cases i own my story Feb 2012 #57

don't expect a slowdown of prices... handmade34 Feb 2012 #3

And with the price of gas rising, redqueen Feb 2012 #4

Bingo. And things never seem to go back down to their original price when... renie408 Feb 2012 #7

Double bingo. How your food gets to you...the 2000 mile potatos: trof Feb 2012 #13

"We cannot afford the 3,000 mile salad" dixiegrrrrl Feb 2012 #89

Yeah, it's bad enough with gas at $3.50. And diesel is around $4.50. trof Feb 2012 #91

Um. Gas Went Down This Week ProfessorGAC Feb 2012 #23

? redqueen Feb 2012 #42

Gas didn't go down where I live, went from $3.79 to 3.81 A Simple Game Feb 2012 #68

Where do you live? It jumped 15 cents a gallon here on the gulf coast. trof Feb 2012 #93

I agree with you Lifelong Protester Feb 2012 #5

here's the deal onethatcares Feb 2012 #6

You live in Fla? Then you might know, the largest cattle ranch in the US is located there. siligut Feb 2012 #73

didn't know that. I'm onethatcares Feb 2012 #74

It's amazing! BobbyBoring Feb 2012 #82

Florida, much to many people's surprise, is the second largest 1monster Feb 2012 #99

The Fed is inflating the hell out of everything jeanpalmer Feb 2012 #8

Inflation eventually destroys the rich, too. Zalatix Feb 2012 #48

Yeah, but..they have a Gigantic "reserve cushion" to fall back on. dixiegrrrrl Feb 2012 #94

According to the republicans anyone on food stamps are freeloaders. I know some who are on southernyankeebelle Feb 2012 #9

+10 on the peanut butter.. Fumesucker Feb 2012 #10

It has something to do with the peanut crop. I couldn't believe over $7.00 for a jar of peanut southernyankeebelle Feb 2012 #18

the peanut crop was a disaster last season magical thyme Feb 2012 #90

Of course they're just lazy jeanpalmer Feb 2012 #11

At least never in the republican party. southernyankeebelle Feb 2012 #17

OMG peanut butter! With 3 kids we go through a lot GobBluth Feb 2012 #46

We don't have either of those stores. We have Krogers and Super WalMart and even their brands southernyankeebelle Feb 2012 #63

we do the same, onethatcares Feb 2012 #102

Prices are always outrageous here in Los Angeles. kestrel91316 Feb 2012 #12

I doubt it's because wages are up ... zbdent Feb 2012 #14

Have you tried Aldi? nobodyspecial Feb 2012 #15

I'm in the Northeast and there is no Aldi in my area. Paper Roses Feb 2012 #19

$8 for Maxwell House pound can o'coffee? That IS 'spensive. I pay $8 for Starbucks at Target. Honeycombe8 Feb 2012 #29

I used to shop Costco and found that if you stick to sales nobodyspecial Feb 2012 #38

I was wondering about that, too. Yes, I have a # of stores nearby... Honeycombe8 Feb 2012 #44

"Illegals?" hunter Feb 2012 #51

Yes, there are a lot of illegal immigrants where I live. Honeycombe8 Feb 2012 #52

I call them "people." hunter Feb 2012 #55

They are "illegal immigrants" here. The hispanics who can't speak English... Honeycombe8 Feb 2012 #56

Frankly, "illegals" sounds racist. hunter Feb 2012 #66

What's an undocumented worker? n/t A Simple Game Feb 2012 #70

It's ironic this is in a thread about grocery prices... hunter Feb 2012 #71

Well bless your little heart! They have jobs! piscesnewmoon Feb 2012 #81

If working people are NOT contributing to the common good... hunter Feb 2012 #87

Why would you be embarrassed that you don't know Spanish? i own my story Feb 2012 #60

Please read this. redqueen Feb 2012 #64

Sams :puke: lonestarnot Feb 2012 #103

Okay, first of all: I watch my money and WF DOES have good deals! i own my story Feb 2012 #58

+1 on Aldi. I shop a midwest chain called Woodman's which is often cheaper than Aldi riderinthestorm Feb 2012 #21

woodman`s liqueur store in janesville is huge! madrchsod Feb 2012 #31

You and I shop alike. noamnety Feb 2012 #24

You are going to have to learn how to freeze Curmudgeoness Feb 2012 #36

Unfortunately I hate frozen or canned vegetables noamnety Feb 2012 #43

Here's a comprehensive guide to freezing nobodyspecial Feb 2012 #40

Why not just buy stuff fresh every week? i own my story Feb 2012 #61

Well, that would be ideal nobodyspecial Feb 2012 #69

Well, because this week, peppers are cheap.... Curmudgeoness Feb 2012 #79

The Aldi's I went to in Germantown, MD was awful LiberalEsto Feb 2012 #53

I am also living on social security, RebelOne Feb 2012 #16

I'm going tomorrow. Cleita Feb 2012 #20

At least you have a guaranteed income! Why not turn that frown upside down? i own my story Feb 2012 #59

This message was self-deleted by its author Cleita Feb 2012 #65

I was shocked yesterday at my final bill. I shop very carefully riderinthestorm Feb 2012 #22

do stores still have the dented can bin? Haven't seen that for years. Liberal_in_LA Feb 2012 #26

They do at the Stop n Shop here customerserviceguy Feb 2012 #28

My local Woodman's does. I don't shop anywhere else but Aldi and Woodman's anymore. nt riderinthestorm Feb 2012 #30

"smashed can warehouse" shanti Feb 2012 #41

Some stores are throwing out dented cans. dixiegrrrrl Feb 2012 #95

Food prices just keep going up quinnox Feb 2012 #27

Does "food" go into the Consumer Price Index numbers? annabanana Feb 2012 #32

The four itmes not included in government CPI figs are food, energy, housing, and medical expenses. airplaneman Feb 2012 #85

Tells you how bad the economy REALLY is dixiegrrrrl Feb 2012 #96

I thought the whole point of an "index" wa to keep track annabanana Feb 2012 #98

It's getting obscene Tsiyu Feb 2012 #34

Oh, oh, I have to do my monthly shopping tomorrow! Curmudgeoness Feb 2012 #37

you're right.... unkachuck Feb 2012 #39

I have a family of 5, I actually get nervous now when I go shopping GobBluth Feb 2012 #45

Yet the Fed tell us there is no inflation. Go figure Johnson20 Feb 2012 #47

I feel your pain tabbycat31 Feb 2012 #49

I spent almost $200 for groceries this week and came away with very little -- 1monster Feb 2012 #50

Yep--I went to Wally World for groceries yesterday, $110 and I hardly got anything, will TwilightGardener Feb 2012 #67

Food prices have gone up worldwide. Beacool Feb 2012 #54

I went from Wisconsin to Illinois and the price for groceries jumped 50% undeterred Feb 2012 #62

We have also noticed that things have shrunk in size but prices stayed the same. sarcasmo Feb 2012 #72

We noticed that too sarcasmo.... a kennedy Feb 2012 #77

Been sending letters and writing e-mails all over the place to get consumer watchdogs to nanabugg Feb 2012 #101

It is pretty bad. Grocery prices have jumped quite a bit. IndyJones Feb 2012 #75

I can actually buy some things from Amazon cheaper than locally. dixiegrrrrl Feb 2012 #97

Today's shopping list justiceischeap Feb 2012 #76

Post removed Post removed Feb 2012 #83

I went yesterday. Everything was normal, LeftyMom Feb 2012 #78

I just got back from Aldi's Curmudgeoness Feb 2012 #80

How long are we all going to take this quietly?? grasswire Feb 2012 #84

We have seen no big hike recently in Belgium, but I read in Greece BelgianMadCow Feb 2012 #86

I went to the store yesterday and got tons of food at prices 'lower' than normal Tx4obama Feb 2012 #88

Our closest supermarket store is 80 miles away, one way! Yavapai Feb 2012 #92

Perhaps we shouldn't have sold are Corn to China in 2011 lovuian Feb 2012 #100

Oh no! And I have to go today. mzteris Feb 2012 #104