What are commodities, and what do commodity prices tell us?
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We have enough natural gas and coal to run this country for hundreds of years. We can even clean coal so it doesn't pollute the environment.
Why corn? We have it in abundance, and farmers have a powerful lobby. Ethanol is inferior to natural gas and coal. Ethanol makes no sense for the US.
Do I see a crisis in the near future? It's possible. I certainly wouldn't rule it out.
Read SnyderTalk, and you'll see the events unfold.
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30 years ago when I was in Florida the university was experimenting with sugar beets for fuel. It was determined it was the best. Why did they go to corn?
Do you see a crisis in the economy in the near future?
Good video.
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Just watching this out of curiosity really as I work with commodities (food commodities). It's very interesting... BUT at 1:50 when you say one of 2 things is happening, I was expecting you to simply say either the demand is increasing or the supply is decreasing. You don't mention supply at all - I accept what you say about speculators, but it must be recognised that not all commodities have futures markets (palm oil, for example) and therefore no (direct) speculation!!
clinique101 3 months ago
@clinique101 Good point. Thanks for bringing it up.
SnyderTalk 3 months ago
commodity prices in many cases are a world wide market now days. The prices are often driven by the crop failure of other countries which causes a shortage on a crop and the price goes up. if all countries have a great crop then its very dangerous to farmers because they sometimes go broke because of such low prices. Very few farmers would ever hold a crop or hoard it it makes no sense. Few if any are big enough to make a differance in a world market.
oneGrandma 3 months ago
@oneGrandma Speculators do the hoarding.
SnyderTalk 3 months ago
Good Video SnyderTalk
africanwebsite 7 months ago
@africanwebsite Thank you.
SnyderTalk 7 months ago