Soybean Backwardation Intensified Again

On Wednesday, I said I would publish final draft of my major article on Friday. However, after thinking about it, I realized it doesn' t make sense. The process of publishing a final draft and adding the 30+ pictures would cost me three or four hours (the adding the pictures, formatting, etc is on a big blog entry is really tedious). It makes more sense to wait and publish one final version this weekend.

For the record, this major article will be five or six times longer than anything I have published before. It will basically neatly tie everything I have been writing about together.

Despite the two World Cup games this weekend, I am confident I can finally finish this big entry. I can' t tell you how much I am looking forward to being able to focus my energy on other projects/issues (like getting caught up on my emails).

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On another topic, soybean backwardation intensified again on Friday, driving prices higher again. Soybeans futures are up 6.4 percent in last four days, cash prices undoubtedly more. Another week or two and things should start to get interesting.



See *****2010 Food Crisis for Dummies***** for more info.

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5 Responses to Soybean Backwardation Intensified Again

  1. Kwillcox says:

    food price inflation will be on the way.

    try to tape the games on DVD, especially today's game.

    is there an oil pipeline or suitable rail link from mideast oil fields to the Med?

  2. Jimmy says:

    Yes, the food price inflation is coming.

    Here in Belgium, are the prices of food rised with an average of 32%.

    Only electronics (memory cards, tv,...) are the prices down with an average of -25%.

  3. dabba says:

    gail, we are two plus months from major harvest activity in corn. quality will be fine in most areas. and there will be plenty as it stands today. farmer dabba

  4. pipe says:

    I have been driving from Michigan to the Ohio/W. Va. border many times per Summer for the last 11 years. The corn crop this year is in the best shape I have ever seen it, by far.

    There are a few bare spots due to heavy rains earlier in the season, but the crop is several weeks ahead of schedule, with more rain forecast in the coming week.

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