Re: They don't make ethanol from oats.

On May 12, 5:45*pm, "dkw12...@yahoo.com" <dkw12...@yahoo.com> wrote:
> Just look at oat prices. Oats are mostly fed to animals, but some are
> eaten by humans of course.
>
> http://www.cmegroup.com/trading/comm...ilseed/oats_FO...
>
> Now look at the wheat futures..bottom chart and you can see wheat is
> heading down.
>
> Rice is the next chart: *see the bottom chart. This is the scary one
> especially since it comes with much higher production and rice is the
> most important grain food for people worldwide. Since they use corn to
> make ethanol and none of the other grains, and don't usually feed rice
> to animals, it seems there are other factors at play with rice's price
> hike. Perhaps speculation. While my 50 pound bag of oats went up $3
> (retail) over the last 3 months, the problem is not here in the US,
> because we are rich and will be able to withstand any grain increases.
> The problem is that much of the world spends 40% or more of their
> income on food and it is headed up. Since the US is the breadbasket of
> the world along with Cananda and Brazil, it might mean grain farming
> will soon get a boost in the US. The US will then be in the same boat
> as the pharmaceuticals who offer their products for one price to one
> group of people, but a different price for others. Food for oil just
> might become a very attractive proposition for us, especially in trade
> with Russia which needs grain and has lots of oil. dkw

Let me try to post the rice price chart again:

http://solutions.irri.org/index.php?...d=14&Itemid=53