US Markets

DJIA8149.09chart-679.95
NASDAQ1398.07chart-137.50
S&P 500816.21chart-80.03
2008-12-01 16:04

Intl. Markets

FTSE4065.49chart-222.52
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2008-12-01 11:46

Commodity Futures

Oil48.79chart-5.64
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2008-12-01 17:04

Treasury Yield

13 Weeks0.01chart-0.01
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10 Year2.72chart-0.24
2008-12-01 14:59

Exchange Rates

JPY92.89chart+0.00
EUR0.79chart+0.00
GBP0.67chart+0.00
2008-12-01 17:33

What’s Wrong with this Picture?

Washington Post - The Global Grain Trade: The Haves and Have-notsThe Washington Post recently published a graphic depicting the supply and demand of the global grain trade broken down by regions. It was published in tandem with their article “The New Economics of Hunger,” which examines the roots of the current rise in global food prices. Notice anything peculiar?

To point you in the general direction: According to this analysis, North America imports about 24.8 million metric tons of grain while exporting 130.2 million tons. Comparably, the second largest exporter of grain is South America, at 41.5 million tons, while simultaneously importing 23.9 million. The Former Soviet Union comes in third - exporting 27.6 million tons and importing 6.6 million and Europe in forth - consuming about 26.4 million tons of grain and exporting 14.8 million tons.


So who are the main consumers of all this grain? If you guessed developing nations – you guessed correctly.

This begs the question: if developing countries have to spend up to 80% of their earnings to developed countries simply to cover basic necessities, what can they possibly do to increase their wealth – both as an individual and as a nation?

Utility:
1 I like Tariffs and Taxes2 I would rather watch TMZ.3 I wonder what Paris is doing.4 Well, this is rather irrelevant5 For the effort...6 Huh, really?7 Interesting... do go on.8 A new wrinkle for my brain9 I think a whole new lobe just appeared10 For the win! (4 votes, average: 8 out of 10)
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