Links for Today

Lost Incan City of Machu Picchu: 100 Years after Discovery by ‘Indiana Jones’

A Bridge to Somewhere (but in the wrong place)

Thanks for the doctors, New York

WHEAT AND TRADE: Primarily interesting because of this comment….

Even if the US eventually signs the agreement, wheat growers will not be able to capture that market from the Canadians, who are by far the best wheat growers in the world. The ordinary farmer in Saskatchewan or Manitoba cleans his grain to seed grade before it ever leaves the farm. Downstream from there it might be cleaned up even more, right down to zero weeds and zero foreign matter.

American export standards allow up to 3% foreign matter and 1% weed seeds. There’s no reason for an American farmer to clean his grain because he knows that once it gets to the river terminal the consolidator has tanks of sand and bins of weed seed available to ADD to the grain in order to get right up to the export limits. As a general rule, once foreign buyers have experienced Canadian quality, they don’t care about American price.

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