Wheat Surges to Record as US Supply May Drop to 60-Year Low

[kurth]

Wheat Surges to Record as U.S. Supply May Drop to 60-Year Low
By Tony C. Dreibus

Feb. 8 (Bloomberg) -- Wheat rose to a record for a third day on the Chicago Board of Trade as the U.S. forecast its lowest inventories in 60 years.

U.S. stockpiles will drop to 272 million bushels at the end of May, 6.8 percent less than expected a month ago and down 40 percent from the prior year, the Department of Agriculture said in a report today. Inventories will be the lowest since 1948 when farmers grew less and shipped more wheat overseas to help rebuilding countries after World War II, economists said.

Higher costs for commodities including wheat and fuel eroded fourth-quarter profit reported this week by Kellogg Co., the largest U.S. cereal-maker. Sara Lee Corp. Chief Executive Officer Brenda C. Barnes said Feb. 6 the company raised bread prices ``to keep pace with historically high wheat costs.'' Wheat has more than doubled in the past year.

``We have a limited supply, and we got confirmation of that this morning,'' said Jamey Kohake, a broker at Paragon Investments in Silver Lake, Kansas. ``We had the early frost last year and drought pretty much worldwide, and we kept demand at a rapid pace, so our stocks started to dwindle.''

http://www.bloomberg.com/apps/news?pid=20601081&sid=aUZnQiEJjxuA&refer=australia

[kestrel91316]

1. Time to work on my personal stockpile of staple food items.

[Warpy]

2. Watch out for those miller moths

Once they get into one thing, they get into everything.

They're horrible.

[TalkingDog]

6. If you've got space stick the grains in an upright freezer

for a few days.

Diatomaceous Earth works well too. NOT the swimming pool kind.

It's edible. You can dust your critters with it too. It's pretty good for fleas.

http://www.dirtworks.net/Diatomaceous-Earth.html

between the 2 you shouldn't have any bug problems


My Favorite Master Artist: Karen Parker GhostWoman Studios

[kestrel91316]

7. Oh, I know. Been there, done that. Got them into my house a few years

ago with an opened bag of birdseed a friend gave me. Took a year to get rid of them.

Also had The Invasion of the Food Storage Mites in a canister of flour. I went ahead and used that, lol, figuring it was just more protein. They're harmless if you're not allergic to them, and they are apparently one of the few things I'm not.

[Warpy]

8. I just sifted the larvae and the webs out

and figured the unhatched eggs were extra protein.

Gawd, we're gross when we're poor.

[kestrel91316]

11. With my degree in microbiology, I'm pretty blase about most

germs and critters. I know which ones to be afraid of and which ones to let slide, lol.

[fenriswolf]

3. cereal is close to five bucks a box already

I used to enjoy a bowl in the morning, now I just do with coffee and a bannana.

[newfie11]

10. Maybe the drought too

We had 80 acres in wheat and ended up plowing it under. There was not enough rain for it to even sprout. That was last year. We now have more wheat planted some is up, about 75%. However if we don't get moisture this spring/summer we could loose it again.

[SlowDownFast]

4. Damn.

That is very concerning.

I, too, am stockpiling: got a grain mill and buying 25lb bags of hard red winter wheat - as many as I can afford on a weekly basis, seal them in mylar bags with oxygen absorbers and store in 5-6 gallon buckets.

Vacuum sealers work great for a whole bunch of other things. I recommend getting one.

Here's some links for those interested in the technique and supplies:

Link to supplies, grain mill reviews, long term food storage tech:
http://waltonfeed.com/
http://www.countrylivinggrainmills.com/pricing.html

YouTube vids on making buckets:
http://www.youtube.com/results?search_query=longterm+food+storage&search_type=&search=Search

Mylar bags and O2 absorbers:
http://www.sorbentsystems.com/products.html
https://www.usaemergencysupply.com/emergency_supplies/food_storage_equipment.htm#Food%20Storage%20-%20Mylar/Poly%20Bags

Dry Ice method:
https://www.usaemergencysupply.com/information_center/packing_your_own_food_storage/dry_ice_in_food_preservation.htm

Prepared long-term food (good products though it's cheaper to make/can and/or store most things for yourself):
http://www.nitro-pak.com/
http://safecastleroyal.com/category.sc?categoryId=23
http://www.thereadystore.com/
http://beprepared.com/

[ConcernedCanuk]

5. Saved all your links, - thanks. I stockpile canned food, and dried stuff like pasta and powdered mil...

.
.
.

I'm in Northern Ontario, so I have to take into account that canned food won't survive without heat -

Stuff like pasta, cereals and powdered milk will survive with or without heat.

Where I live there is a spring on the property, a stream running through it, and a larger creek close by; so water is not an issue.

It amazes me that people with much larger incomes than myself live on only a few days worth of food in their homes - just shop every day or two.

I also have back-up with a small solar outfit, propane and wood heat.

I won't be surprised if the USA brings on WW3

And I want to be ready.

[TalkingDog]

9. Adding to what he said:

http://journals.democraticunderground.com/TalkingDog/36



My Favorite Master Artist: Karen Parker GhostWoman Studios