Wednesday, April 15, 2009

Food Rationing May Be Coming!

From Agweb:

Prospects for small year-ending stocks of soybeans and declining inventories of corn during the 2009-10 marketing year means that a generally favorable 2009 growing season will be needed to avoid rationing of use next year, said Darrel Good, University of Illinois Extension marketing specialist.

For soybeans:
"Year-ending stocks are now projected at a five-year low of 165 million bushels. That projection represents 5.5 percent of projected use during the current marketing year. The lowest stocks-to-use ratio in modern history was 4.5 percent in 2003-04."