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Despite record harvests last year, corn and wheat stocks are still sitting near 30-year lows. Which means, anything short of a bumper crop could send the grains skywards once again. Here are some very cool charts, courtesy of Chris Mayer at DailyWealth, that depict the stocks-to-use ratios of of wheat and corn since 1970, versus […]
Marc Faber says that investing in agriculture today will be like investing in oil in 2001, when it was priced at $17/barrel, according to The National Post. Faber says that record low inventories, declining agricultural productivity, and increasing demand for food will drive prices higher. The falling productivity line is especially interesting…Faber says productivity in […]
If you have the majority of your savings in US dollars, this may be the most important insight you ever hear from Jim Rogers. In an interview with Bloomberg from this morning, Rogers said: “We’re going to have a currency crisis, probably this fall or the fall of 2010. It’s been building up for a […]
Our favorite investor, Jim Rogers, was recently interviewed by BusinessWeek magazine – he’s been in the media quite a bit recently, plugging his new book A Gift to My Children: A Father’s Lessons for Life and Investing, which is scheduled to be released this Tuesday, April 28. Here are a few of my favorite excerpts below […]
The folks at Reason TV recently put together an excellent 8-minute video about agricultural subsidies in America, from their roots in the Great Depression, to their effects today on commodity prices and economies around the world. As a commodities trader and/or investor, it’s extremely important for you to be familiar with these subsidies. I should […]
Cotton put in a strong effort today – up 1.21, on a day when many of the softs were down – so I perused the short and long term charts for May futures. Looks like cotton definitely has put in a double bottom, which is usually seen as a bullish indicator, and is rallying off […]
Corn and soybean futures each jumped roughly 5% today after the USDA released its Planting Intentions Report. Some quick highlights from the report reveal that there appears to be plenty of corn and beans coming our way, but cotton will continue to be neglected, as we had anticipated. Corn acreage is down 1% from last […]
Full article, with commentary on Jim Rogers’ current takes. If base metals continue to consolidate, he plans to buy more Rice prices must go much higher to cause supply to rise He expects the dollar rally to continue, because everyone is bearish (including him) He holds the currencies of commodity producing countries, such as Canada, […]
Ah the joys of trading agriculture 🙂 Dow Jones – CBOT corn futures are firmly planted in negative territory, as the market extracts weather premium from prices, analysts say.
Well, when it hits the front page of your local newspaper, it’s probably time to sell. It will be interesting to see where prices go this week. For now, the line is still going from the “lower left to the upper right”, as Dennis Gartman likes to say. Sacramento Bee: Panic over rice prices hits […]
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