Reality check. 2012 was one of the warmest years on record (global, 9th warmest on record). Yet Rouge Bumpkin attributes current grain prices to his prophesied global cooling. UR a riot, Rouge.In the late 12th Century, when the Medieval Warm Period ended, there was a famine that started in Mongolia and then moved into China. Now that the 20th Century Warm Period is ending, the famine is starting to happen again. The famine started in Mongolia three years ago and is not entering China.
We can expect grain prices to spike, and then... maybe what happened eight hundred years ago .... war!!! Hunger is a great motivator. Just look at Genghis Khan when he took his people to China and then tried to take them to Japan.
I would rather have a little Global Warming than another Little Ice Age as Global Cooling is much more likely to cause world famine. Again, the danger will be war!
Those who ignore history are doomed to repeat it! Rogue
UPDATE 1-China buys 400,000 T Australian, 100,000 T Canadian wheat
Feb 20 (Reuters)- China has bought about 400,000 tonnes of Australian wheat and about 100,000 tonnes of Canadian wheat in recent days, European traders said on Wednesday.
The purchases were in addition to about 350,000 tonnes of U.S.-origin wheat that Chinese interests also bought in past days.
"The Chinese appear to have a larger requirement for wheat than thought and were today again making inquiries about, and checking prices for, large purchases running into hundreds of thousands of tonnes for May shipment," one trader said.
The Australian wheat was thought to be largely for April shipment, with some for the first half of May. It was mainly Australian standard white wheat, traders said.
Flour mills in China, the world's top consumer and producer of the staple grain, have resumed wheat imports from the United States and Canada, spurred by record domestic prices and falling global prices of the grain, traders said in January.
Some European traders said they believed China had bought more than the 350,000 tonnes of U.S. wheat reported in past days, with market talk ranging up to 400,000 to 500,000 tonnes.
"I believe the new round of Chinese wheat purchases from the U.S., Australia and Canada has reached 1 million tonnes," a trader said.
Chinese importers were also said to be checking prices for noticeable volumes of corn because of high domestic prices but no purchases were reported by traders.(Reporting by Michael Hogan; Editing by Anthony Barker)
"The famine started" due to global cooling during what is still a warm period? What RU smoking?