Re: I guess you could say this is not a promiosing development

[David Farber <dave () farber net>]

________________________________________
From: Randall Webmail [rvh40 () insightbb com]
Sent: Tuesday, June 10, 2008 3:59 PM
To: dewayne () warpspeed com; David Farber; johnmacsgroup () yahoogroups com
Subject: Re: [johnmacsgroup] I guess you could say this is not a promiosing development

Oh, by the way - the central 2/3 of Indiana and much of Iowa happens to be under *many* feet of water right now, so 
corn is likely to be in quite short supply this year.

National Weather Service said central Indiana experienced a "500 year flood" last week.  Two dams broke, Interstate 65 
was closed, due to being under water.  John "Cougar" Mellencamp's hometown of Seymour, Indiana had eight feet of water 
on top of it.

Rain on the Scarecrow indeed - but the blood has been washed off the plow.

Maybe we can eat sub-prime mortgage paper?

----- Original Message -----
From: Randall Webmail <rvh40 () insightbb com>
Date: Tuesday, June 10, 2008 14:32
Subject: [johnmacsgroup] I guess you could say this is not a promiosing development
To: dewayne () warpspeed com, dave () farber net, johnmacsgroup () yahoogroups com

> WASHINGTON - Larry Matlack, President of the American
> Agriculture Movement (AAM), has raised concerns over the issue
> of U.S. grain reserves after it was announced that the sale of
> 18.37 million bushels of wheat from USDA’s Commodity Credit
> Corporation (CCC) Bill Emerson Humanitarian Trust.
>
>
> “According to the May 1, 2008 CCC inventory report there are
> o­nly 24.1 million bushels of wheat in inventory, so after this
> sale there will be o­nly 2.7 million bushels of wheat left the
> entire CCC inventory,” warned Matlack.  “Our concern is not
> that we are using the remainder of our strategic grain reserves
> for humanitarian relief.  AAM fully supports the action and
> all humanitarian food relief.  Our concern is that the U.S.
> has nothing else in our emergency food pantry.  There is no
> cheese, no butter, no dry milk powder, no grains or anything
> else left in reserve.  The o­nly thing left in the entire
> CCC inventory will be 2.7 million bushels of wheat which is
> about enough wheat to make ½ of a loaf of bread for each of the
> 300 million people in America.”


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