Agriculture's Big Picture
AgWeb Editor Greg Vincent takes a big-picture look at agriculture and current events.
Fear About BP and The Euro; Yeah Baby! Brit Men in High Demand
Jun 18, 2010
First, A Message from Captain ObviousRussian President Medvedev has shown an incredible grasp of the obvious. He sees risk to BP in light of the Gulf oil spill and he has concerns about the stability of the Euro. Really? Wow.
Bad Teeth? OK. Women Want the AccentThe BP fiasco apparently hasn’t hurt the appeal of American men. Gentlemen, it seems your chances of picking up a desperate American woman are greatly enhanced if you speak with an accent. British specifically. It’s a whole prince/James Bond thing, it seems and one New York women has even developed a Web site to help hook these Yankee females up with potential Brit suitors.
Speculators Didn’t Do ItDon’t blame speculators for driving wild swings in the grain markets, says Bloomberg, referring to a report from the Organization for Economic Cooperation and Development. In fact, the biggest surprise in the report was the finding that speculator money actually takes volatility out of the markets.
Missouri Grain Fraud Results in State Sentence TooMissouri grain trader-turned Ponzi scheme organizer is already in jail on Federal charges. Well the state of Missouri says that isn’t enough and they’re putting here in jail again. It was quite a story in Missouri when it hit about two years ago. Cathy Geiseker, the grain trader in question, offered farmers $1.00-$2.00 over market, saying ADM was backing her up on this. Well, ADM has been cleared of any wrong doing and says they didn’t know about it.
Banker leary of actual comebackThe Federal Reserve Bank of Kansas City released survey results yesterday and it appears Midwest bankers aren’t ready to call the recession over just yet, according to AP. They are, however, considerably more positive about the economy than they were a year ago.