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Economic conditions will be so bad that people will say that the mine has come into production too late to do any good. However, that will not be the case since work will commence in numerous areas of the mine at the same time following the second batch of ore.

John Jordan's List #81

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Analyst Predicts Corn Rationing in 2008 PDF Print E-mail
Wednesday, 02 April 2008 11:08

NEW YORK ? A BB&T Capital Markets analyst said Monday corn rationing may be necessary this year, following a U.S. Department of Agriculture report predicting farmers would plant far fewer acres of corn in 2008.

According to the March Prospective Plantings Report, farmers intend to plant about 86 million acres of corn this year, down 8 percent from 2007, when the amount of corn planted was the highest since World War II.

Analyst Heather L. Jones said in a note to investors if the USDA estimate proves accurate, the year may produce just 200 million bushels of corn. That, she said, wouldn't be enough to meet demand, given current export and feed demand trends and higher ethanol demand. Both ethanol and animal feed are made with corn.

"That is an untenable inventory demand, in our opinion," she said. "Consequently, we believe demand must be rationed or there needs to be a big supply response from other growing regions of the world."

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