Investing and Trading News, with a Contrarian, Sarcastic Twist!
Courtesy of Agora’s 5 Min Forecast: Headlining the global food crisis, rice found itself another record high yesterday. Futures in Chicago ticked up another 2.3%, to $22.67, per 100 pounds when the Philippines — the world’s biggest rice importer — put in a buy order for 1 million metric tons. That’s more than 50% of […]
The U.S. corn crop was 2% planted as of Sunday, down from the five-year average pace of 7%, the U.S. Agriculture Department reported Monday afternoon in its weekly Crop Progress report.
Currency guru Chuck Butler at the Daily Pfennig has been waiving the flag for the Swissie and Yen for some time, long before their recent moves up. He loves them at today’s prices: Swiss francs are back to parity with the dollar, and even beyond! Japanese yen is flirting with a sub-100 figure too! I […]
Link to video He thinks: Oil may be due for a pullback Low carryover stocks for soybeans
I’m sorry for the lack of posts the past week – it was a really crazy week. I’m involved with a startup and we had a big pitch to give on Thursday, so the week just flew by. I caught up on the commodity news yesterday, and have a few things to post later this […]
Open Positions Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss 03/31/08 Long 1 MAY 08 Corn 576 3/4 593 $812.50 04/02/08 Long 1 MAY 08 Corn 598 1/2 593 ($275.00) 03/13/08 Long 1 JUN 08 Japanese Yen 0.9992 0.9879 ($1,412.50) 03/12/08 Long 1 MAY 08 Rough Rice 18.980 20.680 $3,400.00 03/13/08 […]
Hat tip to Daily Wealth for this chart on Potash (scan to the end of the article). Potash should just keep on humming along for the forseeable future – we’ve posted about them before here, and I don’t see an end to this trend.
Chuck Butler on the Swiss Franc and potential end of the carry trade, from his must-read currency newsletter, the Daily Pfennig: Swiss inflation is really putting the pressure on the Swiss National Bank (SNB) to raise interest rates… Inflation in Switzerland accelerated faster than expected in March. In fact, it was the fastest monthly pace […]
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