Food Commodity Prices: Heading down?


	Food Commodity Prices: Heading down?

kmcolo

5-9-2008 2:37 PM

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tags:

food, commodities, prices

kmcolo says:

So says this writing on the wall.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/30a13f7f-667c-4ec8-b74d-f1dc119ca3fd/8D2B506F-5A18-4CFB-9BA7-76703196B8F5/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.cattlenetwork.com/Content.asp?ContentID=204266" href="http://www.cattlenetwork.com/Content.asp?ContentID=204266" style="font-size: 11px;">www.cattlenetwork.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cattlenetwork.com/Content.asp?ContentID=204266"><DIV>
                            	3/11/2008 6:44:00 AM </DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cattlenetwork.com/Content.asp?ContentID=204266">World coarse grain supplies for 2007/08 are projected higher this month.<SPAN>  </SPAN>Global coarse grain production is raised 4.3 million tons with a 3.9-million-ton increase for corn</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cattlenetwork.com/Content.asp?ContentID=204266"><ST1:COUNTRY-REGION _moz-userdefined="" w:st="on"><ST1:PLACE _moz-userdefined="" w:st="on">Brazil</ST1:PLACE></ST1:COUNTRY-REGION> corn production is raised 3 million tons on higher summer crop yields and larger winter crop area. <SPAN> </SPAN>Adequate rainfall and little heat stress during the summer crop's growing season pushed yields above trend.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cattlenetwork.com/Content.asp?ContentID=204266"><ST1:COUNTRY-REGION _moz-userdefined="" w:st="on"><ST1:PLACE _moz-userdefined="" w:st="on">India</ST1:PLACE></ST1:COUNTRY-REGION> corn production is also raised 0.5 million tons on official government estimates as favorable weather raised yields, more than offsetting a reduction in harvested area.<SPAN>  </SPAN>Corn production is raised 0.4 million tons for the <ST1:COUNTRY-REGION _moz-userdefined="" w:st="on"><ST1:PLACE _moz-userdefined="" w:st="on">Philippines</ST1:PLACE></ST1:COUNTRY-REGION>, in line with government statistics.<SPAN>  </SPAN>Sorghum production for <ST1:COUNTRY-REGION _moz-userdefined="" w:st="on"><ST1:PLACE _moz-userdefined="" w:st="on">Australia</ST1:PLACE></ST1:COUNTRY-REGION> is raised 0.3 million tons as abundant soil moisture supports improved yield prospects for what is expected to be a record crop.<SPAN> </SPAN></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cattlenetwork.com/Content.asp?ContentID=204266">Barley production is raised for <ST1:COUNTRY-REGION _moz-userdefined="" w:st="on">China</ST1:COUNTRY-REGION> and <ST1:COUNTRY-REGION _moz-userdefined="" w:st="on"><ST1:PLACE _moz-userdefined="" w:st="on">Australia</ST1:PLACE></ST1:COUNTRY-REGION>.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/8D2B506F-5A18-4CFB-9BA7-76703196B8F5/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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