The euro's stunning collapse | Main | CNN Spreads Lies
September 09, 2008

Want Some Futures Market Advice?

Buy soybean options *. Yeah, I know soybean prices are still way up there, but trust me, they're gonna go higher.

My reasoning? Due to the wetter spring we had here this year, the corn crop had a delayed planting. Traditionally, farmers get all their corn in before they switch to beans, so the delay on corn, coupled with the wet weather lasting through June, meant that our bean crop was especially late getting into the ground. A lot of people switched to short season beans (that's the number of days they'll take to fully germinate, some beans are selected genetically to mature faster than others), but many people in our area stuck with their original bean seed. I guess they figured that switching seed would cost extra, plus they typically insure their crop, so an early frost would be covered. Plus, short season seed always has lower per acre yields than full season seed, so that might have been a factor in the gamble. The bottom line is that people in Iowa who watch the bean crop are keeping their fingers crossed for a late frost to max out the growing season for both the corn & beans, but especially the beans.

This new announcement ain't gonna help. "The Al Gore Effect" has been shown to cause catastrophic drops in temperatures, especially when former Vice President Gore gives a speech. I'm not sure if it's too early, since I can remember several times in my lifetime that we've had our first hard frost before October 4, but with the condition of our bean crop, we need every day of growing season we can get this year.

Great, because of one fat politician and his bad karma, we're all gonna be paying an extra 10% for our food in the next year. Damn Al Gore and his hubris. Damn him all to Hell.

* - Dude, this is a definite Caveat Emptor situation. If you want to take investment advice from a guy who typically posts on the Joys of Bacon and how Joe Biden reminds me of Milton Waddams, go ahead. Just dont' come crying to me if a miracle happens and the crop comes in OK.

UPDATE: I probably should have mentioned that I heard on the noon farm show on WHO Radio today that the USDA is still bullish on the soybean crop, despite concerns. I'm just going off what I see locally, plus some speculation from a couple of market people I know.

digg this
posted by Russ from Winterset at 01:29 PM

| Access Comments

Recent Comments
t-bird: "[i]Russian: Yob tyovu mat. [/i] Spanish hello: ..."

Christopher R Taylor: "[i]IMO Russia is in the Robber Baron phase of Capi ..."

Gem: "6 She's a pretty Ginger. No way she's Russian. Po ..."

platypus, gg channel: "Didn't she become a missionary or something? ..."

Mr Aspirin Factory: "The CEO of Mylan Labs (epipens) is Joe Manchin's d ..."

Christopher R Taylor: "[i]Russian: Yob tyovu mat. [/i] Privet. Use pr ..."

The Mole People: "'If'n ya want to know you'll just have to come.' ..."

BurtTC: "Pretty? I'm pretty sure that's a dude. ------- ..."

bluebell: "The best clip was this Mark Warner w/ spittle hang ..."

Miklos, optically observing: "The best clip was this Mark Warner w/ spittle hang ..."

grammie winger: "Goodnight Farmer. ..."

Tom Servo: "IMO Russia is in the Robber Baron phase of Capital ..."

Recent Entries

Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64