Monday Morning Musings, Fish And Alistair Darling's Pubes
The overnight eCBOT is sharply higher on beans, and modestly so on wheat and corn.
There is some talk this morning of drought adversely affecting corn and soybean production in northern China, with around 21 million acres of arable land said to be under threat.
What's that drought in China and India? Simultaneously you say? Both countries are sure going to need their much-touted grain reserves if that one comes home to roost. Let's hope that they really do exist.
China imported 85,000 MT of wheat in July, according to customs data. That's a sharp increase on just 373 MT imported in July 2008, and in Aug/Nov 2008 they didn't import any wheat at all.
The Indian government continue to delay releasing the promised 3 MMT of wheat from it's buffer stocks onto the domestic market, despite millers appeals and Ramadan boosting demand.
Can you smell fish?
Extreme hot and dry conditions are also seen adversely affecting corn output in Ukraine and Russia.
Incidentally, China also imported 4.39 MMT of soybeans last month, a 25% increase on a year ago and 133,000 MT of sugar, a fivefold increase compared to 22,000 MT in July 2008.
The UK recession is over, the Times triumphantly informs us today! Apparently the Institute of Chartered Accountants in England and Wales (or TOSSERS for short) say that all our problems are behind us. Hurrah! Link
I can just imagine the smug "I told you I knew what I was doing" look on Alistair Darling's face right now. Never trust a man who's hair and eyebrows don't match, that's what my Mum always told me. Have you ever wondered what colour his pubes are? I've got my money on ginger.
There is some talk this morning of drought adversely affecting corn and soybean production in northern China, with around 21 million acres of arable land said to be under threat.
What's that drought in China and India? Simultaneously you say? Both countries are sure going to need their much-touted grain reserves if that one comes home to roost. Let's hope that they really do exist.
China imported 85,000 MT of wheat in July, according to customs data. That's a sharp increase on just 373 MT imported in July 2008, and in Aug/Nov 2008 they didn't import any wheat at all.
The Indian government continue to delay releasing the promised 3 MMT of wheat from it's buffer stocks onto the domestic market, despite millers appeals and Ramadan boosting demand.
Can you smell fish?
Extreme hot and dry conditions are also seen adversely affecting corn output in Ukraine and Russia.
Incidentally, China also imported 4.39 MMT of soybeans last month, a 25% increase on a year ago and 133,000 MT of sugar, a fivefold increase compared to 22,000 MT in July 2008.
The UK recession is over, the Times triumphantly informs us today! Apparently the Institute of Chartered Accountants in England and Wales (or TOSSERS for short) say that all our problems are behind us. Hurrah! Link
I can just imagine the smug "I told you I knew what I was doing" look on Alistair Darling's face right now. Never trust a man who's hair and eyebrows don't match, that's what my Mum always told me. Have you ever wondered what colour his pubes are? I've got my money on ginger.
