Hunker down, looks like rising food prices.

squatting dog

squatting dog

We don't have as far to go, as we've already been
Location
Arkansas, and also Florida
As if inflation isn't bad enough already, Materials, oil and related products and now Grains. :( China is gobbling up the world’s grain supplies, on track to take in its biggest haul of corn imports ever as it expands its massive hog herd. Rumors are swirling that the Asian nation is working on 1 million metric tons of new corn purchases, according to Arlan Suderman, chief commodities economist at StoneX.

grain price.jpg
 

I'll trade you two shopping carts of toilet paper for a loaf of bread. o_O

The phrase "pinch a loaf" will take on a clean meaning as people stuff loaves of bread under their jackets and run for the exit. :ROFLMAO:

Tony
 
tbeltrans said:
If I am to believe the OP, then yes. At this point, I simply don't know anything for sure about this but do appreciate the OP's warning.

Tony
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Yes. Thank you. I will not worry about something I can’t do anything about. My mind has a tendency to run with ideas to the extreme so thank you for the reminder. We don’t know anything for sure. That’s not exactly true.
Do you know that last year an average DIY deck cost $9,000 in lumber. This year that same deck costs approximately $3,400 in lumber. Extraordinary lumber increase. I’m wishing to paint my veranda and the fence around my new garden but don’t know how much it will cost. In 5 days I’ll find out.

I’m using my power washer to strip off the old paint. Works well.
 
Gaer said:
Communist China take-over is more than a possibility. It's now a probability.
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I’m not sure if I can ask this question since it would lead to politics but how would this happen?
Both Canada and the US can produce many of these grains China supplies us with. We just decided to get stuff cheaper. Maybe it would be a blessing in disguise. Our countries might start becoming more resourceful and independent. Sure grains might cost more but at least we will be supporting our own countries.
 
Keesha said:
Yes. Thank you. I will not worry about something I can’t do anything about. My mind has a tendency to run with ideas to the extreme so thank you for the reminder. We don’t know anything for sure. That’s not exactly true.
Do you know that last year an average DIY deck cost $9,000 in lumber. This year that same deck costs approximately $3,400 in lumber. Extraordinary lumber increase. I’m wishing to paint my veranda and the fence around my new garden but don’t know how much it will cost. In 5 days I’ll find out.

I’m using my power washer to strip off the old paint. Works well.
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I assume you meant that the cost this year over last year is UP $3,400 in lumber? If so, yes that is a tremendous increase.

Tony
 
tbeltrans said:
I assume you meant that the cost this year over last year is UP $3,400 in lumber? If so, yes that is a tremendous increase.

Tony
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Yes! From $9,000 last year to $3, 400. That’s crazy. My husband is cutting and storing wood and I’m going to grow as many vegetables as I can this year. I’m learning how to can stuff. We have a food storage room with shelves everywhere.
 
Keesha said:
Yes! From $9,000 last year to $3, 400. That’s crazy. My husband is cutting and storing wood and I’m going to grow as many vegetables as I can this year. I’m learning how to can stuff. We have a food storage room with shelves everywhere.
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I always tell my wife that when the going gets tough, the tough go to Guitar Center. However, you seem to go by "when the going gets tough, the tough get going". That seems to be a far better response to life, at least my wife would think so. :ROFLMAO:

Tony
 
tbeltrans said:
If I am to believe the OP, then yes. At this point, I simply don't know anything for sure about this but do appreciate the OP's warning.

Tony
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I wish I could take credit and look like the smart one, but, the wife does a lot of stock market trading and as such, she always has her ear to the ground.
Wheat, corn and soybeans, the backbone of much of the world’s diet, are all surging to the highest since 2013. You would think that's good news, but, after gains last week some analysts are warning that a speculative bubble was forming. (wanting to sell to China).
Add to that, Dryness in France that is hurting wheat plants, as well as corn in Brazil. Rain in Argentina is derailing the soy harvest. Then there's fears of drought coming to the American Farm Belt this summer.
 
squatting dog said:
I wish I could take credit and look like the smart one, but, the wife does a lot of stock market trading and as such, she always has her ear to the ground.
Wheat, corn and soybeans, the backbone of much of the world’s diet, are all surging to the highest since 2013. You would think that's good news, but, after gains last week some analysts are warning that a speculative bubble was forming. (wanting to sell to China).
Add to that, Dryness in France that is hurting wheat plants, as well as corn in Brazil. Rain in Argentina is derailing the soy harvest. Then there's fears of drought coming to the American Farm Belt this summer.
Click to expand...
Whenever I see anything about prices or the stock market, there is ALWAYS that word "fear" involved. It seems that when things are going great, there is fear that it will all come tumbling down soon. When things are bad, there is fear that things will never get better. So I read some of this stuff from time to time, but just deal with what is rather than fearing what might be. I suppose if I had my money on red and was spinning the wheel or rolling the ice, I would have that fear too.

One thing we have long done is to stay out of debt and we paid our mortgage off years early. The economy seems like musical chairs in a manner of speaking. When the music stops if a person owes on his or her car, owes on credit cards, owes on his or her house or is renting a place, things can get dicey really quickly. Unfortunately too many people don't realize that until it is too late. The less one owes, the more one can save for just that kind of situation.

Tony
 
squatting dog said:
As if inflation isn't bad enough already, Materials, oil and related products and now Grains. :( China is gobbling up the world’s grain supplies, on track to take in its biggest haul of corn imports ever as it expands its massive hog herd. Rumors are swirling that the Asian nation is working on 1 million metric tons of new corn purchases, according to Arlan Suderman, chief commodities economist at StoneX.
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Maybe this is an altruistic act in disguise, by China.

Maybe they are just trying to force Americans to eat less and help our fat asses lose some weight.... :unsure: :p
 
Gaer said:
Communist China take-over is more than a possibility. It's now a probability.

About food: Food prices have already either doubled or tripled in my area.

I'm not usually so pessimistic but get ready for some dramatic changes!
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I can attest to that. We grocery shop once a month and with very few exception, we buy the same items. 3 months ago, we spent $150, one month later, $175, and last month $272 :eek: Needless to say, I'm dreading this months shopping.
 
Gaer said:
Communist China take-over is more than a possibility. It's now a probability.

About food: Food prices have already either doubled or tripled in my area.

I'm not usually so pessimistic but get ready for some dramatic changes!
Click to expand...
When I think of the number of times I have though or heard "it can't happen here", and then it does...I certainly can't discount various predictions or probabilities anymore. Think of all the things that have happened during the course of our lives that we never thought could happen, but they did. Whether individuals think the various changes are for the better or not, is not my point here. Instead my point is simply that things have happened that we never thought would...the pandemic, the legalization of marijuana, gay marriage, and on and on.

Tony
 
Grocery prices, like nearly everything else, have gone up substantially in the past few months, and will probably continue to rise, even further....for the reasons others have posted. Meat prices....beef, pork and poultry...have nearly doubled in our area over this time frame as many of the processing plants have cut their production due to employees contracting this virus. The SS COLA is only going to cover a very small fraction of most retirees added expenses.
 
squatting dog said:
I can attest to that. We grocery shop once a month and with very few exception, we buy the same items. 3 months ago, we spent $150, one month later, $175, and last month $272 :eek: Needless to say, I'm dreading this months shopping.
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If your grocery prices have increased nearly 200% in three months, my suggestion to you would be to start shopping at a different store!!!! :eek:

I shop at Walmart (Neighborhood Market) and my grocery prices are about the same as they were a year ago.

There are a couple of items that have actually gone down in price.
 
Jim W. said:
If your grocery prices have increased nearly 200% in three months, my suggestion to you would be to start shopping at a different store!!!! :eek:

I shop at Walmart (Neighborhood Market) and my grocery prices are about the same as they were a year ago.

There are a couple of items that have actually gone down in price.
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Where I live, there is not a large selection of food stores. As a matter of fact, 36 miles away, at the next large food store it was more expensive. :(
 
I am not seeing this in my area (yet). Prices seem to be about the same. Eggs were 50 cents a dozen today. Beef is high but has been for about a year. Pork and chicken are about the same as the last few months.
 

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