Investing and Trading News, with a Contrarian, Sarcastic Twist!
This article from the AP speculates that farmers may be tempted to switch some plantings from corn back to soybeans this year, but that it’s too early to forecast. Beans are up huge again this morning (March @ 1236 as I type), so this wave is not showing signs of slowing down yet.
Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss 12/07/07 Long 1 MAR 08 Corn 415 443 1/2 $1,425.00 12/14/07 Long 1 MAR 08 Corn 439 443 1/2 $225.00 12/20/07 Long 1 MAR 08 Cotton 66.45 66.58 $65.00 11/09/07 Long 1 MAR 08 Coffee ‘C’ 126.05 133.85 $2,925.00 12/21/07 Long 1 APR […]
From The Economist: “The decrease in hop production, put at some 50% over the past decade, has sent prices through the roof.”Full article
Winner Take All: A Top Commodity Trader Tells It Like It Is by William R. Gallacher is a great read. Gallacher is a pure fundamentals guy who dismisses technical analysis by itself, but recognizes its importance in the context of an overall system. Here’s the jist of Gallacher’s discussion:* Fundamentals rule the day – technical […]
Over at Agora, commodities guru Kevin Kerr listed his hot commodities for ’08. In short, he likes the soft commodities – especially cocoa, coffee, and sugar. Both coffee and sugar have been pushing higher over the past couple of weeks. I picked up another sugar contract this morning in an attempt to pyramid this rise. […]
Yesterday I pounded through a great read, Winner Take All: A Top Commodity Trader Tells It Like It Is, by William R. Gallacher. I’ll gather my thoughts and post what I took away shortly. Overall on the portfolio side, I’m sure you notice some major changes from about a month ago (when things were running […]
A USDA cotton report looks neutral in terms of cotton acreage. Traders have been poring over the report, looking for indications that the cotton crop will get the cold shoulder in lieu of higher priced grains. I agree – that’s what ‘should’ happen. Though I’m waiting for a breakout (20-day high) in the cotton market […]
I say that partially in jest. According to Agora, Chinese demand for Christmas trees is causing a sudden price run-up in Germany.
Date Position Qty Month/Yr Contract Entry Price Last Price Profit/Loss 11/12/07 Long 1 DEC 07 Australian Dlr 0.8795 0.8765 ($300.00) 11/16/07 Long 1 DEC 07 Australian Dlr 0.8850 0.8765 ($850.00) 12/07/07 Long 1 MAR 08 Corn 415 417 $100.00 11/09/07 Long 1 MAR 08 Coffee ‘C’ 126.05 131.00 $1,856.25 11/28/07 Long 1 JAN 08 Rough […]
It’s all going to China! Surprise, surprise. Nice article detailing what you could probably infer – meat demand in China is increasing rapidly. It’s interesting to think about all the downstream ramifications – increased grain and water demands. The beauty of a true bull market!
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