Wheat Up Big – Again!

The Contrary Investing Report

Investing and Trading News, with a Contrarian, Sarcastic Twist!

Wheat Up Big – Again!

Check out this 6-month chart:http://charts3.barchart.com/chart.asp?sym=ZWU7&data=A&jav=adv&vol=Y&divd=Y&evnt=adv&grid=Y&code=BSTK&org=stk&fix= Though unfortunately I am not basking in the full glow of this rally, because I own next year’s contracts. Why are contracts lower for next year? I believe because record high prices will prompt farmers next spring to plant more wheat – which should bring more supply on the market […]

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Cotton down 13% in August

Another credit crunch victim – cotton.Cotton prices plummet in Aug Something we need to think about going forward. Are most cotton positions unwound by the hedge funds? Was today a strong buying day for the funds? I typically invest on fundamentals, but I learned the hard way a few weeks back that hedge funds can […]

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Big Day for Cotton

Check out this chart – thank you Toby for the link:http://charts3.barchart.com/chart.asp?sym=CTZ7&data=A&jav=adv&vol=Y&divd=Y&evnt=adv&grid=Y&code=BSTK&org=stk&fix= I don’t know much about technical analysis – anybody out there know what to make of this?

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Worldwide Droughts

From Agora’s Daily Reckoning: Australia, one of the world’s strongest performing economies over the last decade, is in the throws of its worst drought in recorded history. Earlier this year, Prime Minister John Howard told a largely non-religious Australian population to, “hope and pray there is rain.” Down Under, drought is wreaking havoc on the […]

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Crude Over $73, Gas Inventories Shrink Again

From the WSJ: SAN FRANCISCO — Crude-oil futures topped $73 a barrel Wednesday, their highest level in two weeks, as investors reacted to U.S. data showing supplies of motor gasoline supplies fell for the fourth week in a row and crude inventories dropped more than the market expected. Crude for October delivery was last up […]

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Wheat Busts All-Time High

Courtesy of Agora’s 5 Minute Forecast: After hovering at an 11-year high for months, wheat busted through to $7.50 per bushel last week — its highest price ever. Canada — the world’s second largest exporter — announced this year’s crop would be 20% smaller than previously expected. Japan’s Ministry of Agriculture, Forestry and Fisheries has […]

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Weekly Positions Update – 8/26/07

Date Position Qty Month/Yr Contract Entry Price Last Price Profit/Loss Market Value 01/22/07 Long 1 DEC 08 Cotton 63.00 67.15 $2,075.00 04/16/07 Long 1 DEC 08 Cotton 64.50 67.15 $1,325.00 07/27/07 Long 1 DEC 07 Coffee ‘C’ 115.30 119.20 $1,462.50 06/19/07 Long 1 DEC 07 Coffee ‘C’ 120.50 119.20 ($487.50) 03/23/07 Long 1 SEP 08 […]

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