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Jim Rogers says India and China will drive the commodity prices though global stock markets have been hit by the subprime and credit crunch crisis.{/i}
Pretty much what Don Coxe said the other night on BNN... For some reason I cannot find it in the archives though...
Yep sort of... He said don't waste your time on the finished products guys... Buy the guys that help the farmers produce the inputs... The Monsantos, Potashes.. of course Coxe doesn't usually mention the juniors outright.. He also flogged oil but said the agri stocks are where oil was 5 years ago..
Don Coxe was just on BNN. Check the archives tonight..
Fellow on BNN says we are not rationing 'demand' so prices go up ..
The interviewer says 'How ?' ...
Long answer by guest was long but said nothing...
Ration demand.. No more baguettes with your Sauvignon...
well I'm starting see and hear lots of mainstream press about food prices and raw material food prices... Let's hope it starts sinking in :O)
har har.. I could be quite happy then :O) Just dropped my daughter off at a ranch for a week of horse back riding.. she's with a friend that she went to school with kindergarten through grade 8... different high schools though now..
Anyway the drive is on small highways to a place called Severn Bridge just north of Lake Simcoe.. so I got to dream of a place , hobby farm size.. where my neighbour was not on top of me.. the doggies could run wild and maybe a few horses and such... one of these days :O) Geez I was right on track through 2003... Let's see if the ferts come through :O)
Too bad there is no good way to convey body language without being a primo wordsmith... not I..
It was I that was thinking 'inside' the box... It really hit home where the article mentions crop substitutions for wheat... :O)
I really should have said 'grain' harvest :O)
but bears watching...
So john, how is the wheat looking out there these days... since we need a good harvest here and not just high wheat prices to get SWP moving ...
B
Hang Feng FOS BLR SPUR etc... wheat pool taking lumps too..
Oh it just caught my eye... 400 lots, 1 order.. then a second time a little higher... as long as it keeps getting chewed through :O)
I'm not looking for that stuff... It just kinda jumped out at me...
Watching the tape on SWP. A big order, 400 lots got chewed through @ 9.95... Now I see a new one @ 10.14,
gives me pause to think that a large holder needs cash and is trying to save a profit on this one.. as even 400 lots could tank this for sure short term...
It's not you is it john ;o)
Of course it could be a gazillion other things too :O)
To check institutional holding and the change up or down.
Just got a taste of the new SI 'look'... I hope it's not coming here... 'cause I doubt I can take it...
OK... bids in @ 200DMA... :o) :o(
Stop it !! Didn't you want 1.47 before :O)
Uh Oh ! Took my eyes off the Baltic...
too early ... Where'd that damn supply @ 1.30 come from ... sigh..
Turn UP .Turn UP . !!!!
Reloaded some HF 13.16
added ISX 1.33 ... turn baby turn :O)
which China is paying more attention to. Thanks hogfan, I was recently in China and that was my distinct impression.
Thanks Bobwins... A quick perusal of your post headers reveals we have some stocks in common.. although I recently let go a pile of juniors to get more defensive in higher liquidity stocks (er well mostly :O) More importantly you are living part of my dream :O) I'm 51 with an ultimate deadline of 55 to lose the day job.. I thought I was close but wrinkles happen... Guess I'll do a little more digging into your basket...
Anyone know anything about this one ?
http://finance.yahoo.com/q?s=CAGC.OB
http://www.chinaagritechinc.com/
I saw them mentioned on the China thread on SI
They popped up here with Spur
http://www.alacrastore.com/company-index/public/Agricultural_Chemicals-2/6
Here's hoping your timing is good :o)
Wished I'd waited for 1.31 to do my 'averaging' :O)
sold my HF this AM for a very modest profit.
Looking at what to do with this very unnatural (for me) high cash position which has developed since last week... Sold my recent HTE purchase today for better than 3 bucks st profit.. sold 3 quarters of BQI for 90 cents profit st but could have done far better selling the pop this AM... 5.50 !!! jeepers... Same for the PBG traders I let go Friday 35 smackers this AM... wow !!...
ISX starting to hurt here...
off my highs for sure but nowhere near the drain :O)
K
bounce ? ... it's evaporating ....
never say never... HF bounced back nicely
News ? It's a great speculation and should be much much higher. I still have lots...
May not be news with enough weight though LOL...
1.59 ... don't know if I'm happy or sad LOL....
When I was a kid anything stamped Made in Hong Kong or Japan was crap. You share an opinion with the mainstream. I won't elaborate :O)
seems to be holding up OK.
Franklin Templeton view... http://siliconinvestor.advfn.com/readmsg.aspx?msgid=23750720
added some Wheat pool
Funny I like a lot of country music but I'm not a fan of Shania's..... music.
Get stinko and go out to bingo :O)
Added some HF today. Have bids in on the rest at lower level... Also doubled down on SVU the other day in the upper .60s (I know that's supposed to be a nono), full lottery ticket position now.
Edit my daughter is heading home from 10 days in Manitoba on vacation... not sure what time her mosquito leaves...
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=23740702
Poison plant could help to cure the planet
Ben Macintyre
http://www.timesonline.co.uk/tol/news/world/article2155351.ece
The jatropha bush seems an unlikely prize in the hunt for alternative energy, being an ugly, fast-growing and poisonous weed. Hitherto, its use to humanity has principally been as a remedy for constipation. Very soon, however, it may be powering your car.
Almost overnight, the unloved Jatropha curcushas become an agricultural and economic celebrity, with the discovery that it may be the ideal biofuel crop, an alternative to fossil fuels for a world dangerously dependent on oil supplies and deeply alarmed by the effects of global warming.
The hardy jatropha, resilient to pests and resistant to drought, produces seeds with up to 40 per cent oil content. When the seeds are crushed, the resulting jatropha oil can be burnt in a standard diesel car, while the residue can also be processed into biomass to power electricity plants.
As the search for alternative energy sources gathers pace and urgency, the jatropha has provoked something like a gold rush. Last week BP announced that it was investing almost £32 million in a jatropha joint venture with the British biofuels company D1 Oils.
Even Bob Geldof has stamped his cachet on jatropha, by becoming a special adviser to Helius Energy, a British company developing the use of jatropha as an alternative to fossil fuels. Lex Worrall, its chief executive, says: “Every hectare can produce 2.7 tonnes of oil and about 4 tonnes of biomass. Every 8,000 hectares of the plant can run a 1.5 megawatt station, enough to power 2,500 homes.”
Jatropha grows in tropical and subtropical climates. Whereas other feed-stocks for biofuel, such as palm oil, rape seed oil or corn for ethanol, require reasonable soils on which other crops might be grown, jatropha is a tough survivor prepared to put down roots almost anywhere.
Scientists say that it can grow in the poorest wasteland, generating topsoil and helping to stall erosion, but also absorbing carbon dioxide as it grows, thus making it carbon-neutral even when burnt. A jatropha bush can live for up to 50 years, producing oil in its second year of growth, and survive up to three years of consecutive drought.
In India about 11 million hectares have been identified as potential land on which to grow jatropha. The first jatropha-fuelled power station is expected to begin supplying electricity in Swaziland in three years. Meanwhile, companies from Europe and India have begun buying up land in Africa as potential jatropha plantations.
Jatropha plantations have been laid out on either side of the railway between Bombay and Delhi, and the train is said to run on more than 15 per cent biofuel. Backers say that the plant can produce four times more fuel per hectare than soya, and ten times more than corn. “Those who are working with jatropha,” Sanju Khan, a site manager for D1 Oils, told the BBC, “are working with the new generation crop, developing a crop from a wild plant — which is hugely exciting.”
Jatropha, a native of Central America, was brought to Europe by Portuguese explorers in the 16th century and has since spread worldwide, even though, until recently, it had few uses: malaria treatment, a windbreak for animals, live fencing and candle-mak-ing. An ingredient in folk remedies around the world, it earned the nickname “physic nut”, but its sap is a skin irritant, and ingesting three untreated seeds can kill a person.
Jatropha has also found a strong supporter in Sir Nicholas Stern, the government economist who emphasised the dangers of global warming in a report this year. He recently advised South Africa to “look for biofuel technologies that can be grown on marginal land, perhaps jatropha”.
However, some fear that in areas dependent on subsistence farming it could force out food crops, increasing the risk of famine.
Some countries are also cautious for other reasons: last year Western Australia banned the plant as invasive and highly toxic to people and animals.
Yet a combination of economic, climatic and political factors have made the search for a more effective biofuel a priority among energy companies. New regulations in Britain require that biofuels comprise 5 per cent of the transport fuel mix by 2010, and the EU has mandated that by 2020 all cars must run on 20 per cent biodiesel. Biodiesel reduces carbon dioxide emissions by nearly 80 per cent compared with petroleum diesel, according to the US Energy Department.
Under the deal between BP and D1, £80 million will be invested in jatropha over the next five years, with plantations in India, southern Africa and SouthEast Asia. There are no exact figures for the amount of land already under jatropha cultivation, but the area is expanding fast. China is planning an 80,000-acre plantation in Sichuan, and the BPD1 team hopes to have a million hectares under cultivation over the next four years.
Jatropha has long been prized for its medicinal qualities. Now it might just help to cure the planet.
- D1 Oils, the UK company leading the jatropha revolution, is growing 430,000 acres of the plant to feed its biodiesel operation on Teesside — 44,000 acres more than three months ago, after a huge planting programme in India. It has also planted two 1,235-acre trial sites this year in West Java, Indonesia. If successful, these will become a 25,000-acre plantation. Elloitt Mannis, the chief executive, says that the aim is to develop energy “from the earth to the engine”.
Jatropha: costs and benefits
- Jatropha needs at least 600mm (23in) of rain a year to thrive. However, it can survive three consecutive years of drought by dropping its leaves
- It is excellent at preventing soil erosion, and the leaves that it drops act as soil-enriching mulch
- The plant prefers alkaline soils
- The cost of 1,000 jatropha saplings (enough for one acre) in Pakistan is about £50, or 5p each
- The cost of 1kg of jatropha seeds in India is the equivalent of about 7p. Each jatropha seedling should be given an area two metres square.
- 20 per cent of seedlings planted will not survive
- Jatropha seedlings yield seeds in the first year after plantation