The Oil Drum | DrumBeat: July 24, 2006

135 comments on DrumBeat: July 24, 2006

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kenny on July 24, 2006 - 11:24am

Thanks. I wonder about the extent to which the prediction takes into account this season's heat waves in the U.S. and Europe. But they've forcast a nearly 10% reduction in end-of-season stocks.

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jjhman on July 25, 2006 - 10:56pm

I've been watching grain prices for about a year, expecting to see some reaction in the markets for grains related to either fear of a bad harvest (given falling stocks) or the rising price of oil. It just ain't happening. Soybeans, corn, rice and wheat are all running close to their ten year average prices, with rice and wheat showing an increase during this year. The others quite stable. It raises the question whether rising oil prices really affect farming so much or are the markets not acting rationally? Or what?

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tate423 on July 26, 2006 - 11:48am

Where are you getting your info from? I just read an article yesterday/mon maybe that was talking about peak commodities. Not every commodity, but they were pointing out grain stocks being lower the last 4-5 yrs and it isn't getting better as we add more souls. The article was from itulip.com and generally, very reputable.

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135 comments on DrumBeat: July 24, 2006

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