Wal-Mart Rations Rice, this is out of control...

[Mvic]

I just let our housekeeper know to prepare some Cali and Unagi rolls for lunch. We've had a large bag of Nishiki sitting in the pantry for a long time and I don't want to be accused of hoarding!

 

[Mvic]

Quote from TGregg:

Now that seems pretty reasonable. Wouldn't hurt to sock away some of what you'll use and will not spoil. At the TGregg Estate, we've already got more than a years worth of some things (like pasta and yes rice), mostly because we obtained them for an outstanding price. We do like buying low.

A years worth? You are either like me and eat very little of the stuff or you are a bit of a nut!

 

[RhinoGG]

Last time I remember eating rice (of any great portion) was when I was 11yrs old. Won't miss it at all. If I never eat rice again, it will be too soon.

 

[codedeep007]

What stock should buy? Is there a rice stock?

BG, ADM?

 

[TraderZones]

Quote from TudorJones:

Can I grow RICE in Florida?? not for a profit motive, I just want to help the world out when in dire straits..

We thought you were going to help out the world by becoming the next John Bogle or Peter Lynch...

 

[TraderZones]

Quote from Arnie:

I heard somewhere that the average city in the US only has a 3 day supply of food in grocery stores. Only 2 days supply at the average hospital. Just in time warehousing is the cause. I doubt we will see anything serious, but in a disaster or short term disruption (Katrina?), it would be wise to have at least a week or 2 supply of staples. Bunch of sites in internet, just google "years supply of food".

at 3500 calories energy equivalent per pound of fat, most Westerners already have a few weeks storage around their waist...

 

[Ivanovich]

Quote from Johnny Walker:

Stop blaming the evil speculator lurking in the shadows for prices rising. The problem is foreign governments restricting trade and hoarding. Don' t be a douche. Commodity markets work great.

Blame or not, when the shit hits the fan, governments are going to go after the speculators as they DO influence price (and mostly in the up direction as of late). Expect higher margin requirements - much higher - at the very least.

 

[TGregg]

Quote from Mvic:

A years worth? You are either like me and eat very little of the stuff or you are a bit of a nut!

We probably go through 4 cups of prepared rice a month. 48 a year. So that's a third of a cup dried rice times 48 for 16 cups of dried rice a year. Not sure how much dried rice weighs, but I'd guess that a one pound bag has about 3 cups. So that's 5 bags of rice that will last us a year. Even if a bag is only 2 cups, that's 8.

Assuming 2 cups per pound, 80 pounds of dried rice makes a whopping 480 cups of prepared rice.

 

[codedeep007]

I am going to store some rice this weekend, unlike electricity or gasoline, consumer do have the power to store rice, when a few stores run out of rice, it will create a public panic which will run out of control.

 

[RedDuke]

Things like these usually signal market tops.