Is it possible that we could lose a great percentage of the vegetable oil supply in the US? And if there is that possibility, just how would it affect our crops and feed and livestock? Would just losing vegetable oils, impact greatly so many other faucets of the market, that a true crisis could develop leaving so many totally unprepared?
it would enrage you on how hedge funds manipulate commodities markets
Its all about money and the Government control over commodities and the Federal Ag department paying Famers not to grow something to keep Wall Street prices high. Sugar would bring down the price of Ethanol by a 1/3 but the Government only allows so many acres to be planted every year and then gives them subsidies not to plant sugar beets. I lived on my Uncle farm as a kid the federal Government paid the payments to control grain prices, reason for AG subsidies every year over 80 Billion dollars.
I was at one time in the BioDiesel business, and the hedge funds bought all the vegetable oil and it’s futures up and kept the prices artificially high for 5 years (to protect petroleum diesel),why? they buy the president and congress off with campaign contributions, and Charles Bullock at UGA to influence elections, that is why your life is not getting any better,that’s why you are getting poorer, and the rich , well you know….
Vegetable oil is terrible to consume