BARRING RECORD EVER YIELDS........... REPEAT , BARRING RECORD YIELDS.... 1. TEN MILLION MORE CORN ACRES IN THE NEXT TWO YEARS DOES NOT AVOID PRICE RATIONING (IE 4.00+) 2. KEEPING BEAN ACRES AT ONLY DOWN 2 MLN BY 2008 ( OPENING THE CRP PROGRAM) PUSHES THE 08-09 U.S. SOY S/D INTO PRICE RATIONING 3. 16 MLN MORE BEAN ACRES IN BRAZIL BY 2010 DOES NOT SOLVE THE PROBLEM 4. EVEN OPENING THE CRP PROGRAM IN 2008 WITH AN ASSUMPATION OF AN "AGGRESSIVE" DROP OUT OF 11 MLN ACRES, DOES NOT SOLVE THE PROBLEM.
THESE ARE THE PERSISTENT AND INESCAPABLE "FACTS" AS WE DAILY CONFRONT THE "OUT OF CONTROL" S/D "ARITHMETIC" OF ETHANOL AND BIOFUELS.
POINT: DEC 07 CORN MOVES TO 4.00 BY SPRING ........... NOV 08 BEANS S/D "OUT OF CONTROL" WITH NOV 07 LEADING. LONG TERM PRICE RATIONING IS INESCAPABLE WITHOUT RECORD YIELDS. WHERE DO PRICES NEED TO GO FOR LONG TERM RATIONING (AS OPPOSED TO SHORT TERM RATIONING SEEN IN 1996 WITH 5.00 CORN)??? END
