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Unfortunately Agora has not yet posted the full article yet in their Rude Awakening archives – keep an eye out. Same story we all know – agriculture is poised to go much higher, and the softs (sugar, cotton, cocoa, coffee) look particularly undervalued.
What to make of the ’08 soft commodity rally? Things have happened so fast – even I’m not sure in the short term. I still believe that the long-term case (next 5-10 years) is firmly in place. Rising demand and limited supply will take time to fix – and by that time, most of the […]
As stocks continue to flounder, commodities continue to soar across the board. Platinum has set 7 record highs in the last 8 trading days. All wheat contracts also set all-time highs. No doubt this is a flat out bull market. But all bull markets have set backs, so we need to keep that in mind. […]
Look at cotton, coffee, and sugar, he says. This is interesting because I was really kicking myself for prematurely selling my platinum position after it took off last week due to the S Africa drama.
A lack of rain last fall hurt the upcoming coffee crop in Brazil (far and away, the largest producer of coffee). Futures were up big yesterday, and slightly up today as I type. Worldwide demand is forecast to climb 2.3% this year. Demand outpacing supply – music to our ears.
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. […]
Coffee appears to be trending down again, toward previous support at the 122.50 mark. According to my new system, I will sell if it hits a 20 day low, and will buy back in on a 20 day high. So we’ll keep an eye out and see if coffee breaks down further. Still long term […]
Shed about 3K this week, mostly because of coffee. Damn rain in Brazil is killing me. Anyway a few new entries and old friends revisited: * The gold contracts were added when Bernanke dropped his pants. Gold broke the important $800 mark and is showing no signs of slowing down. Still a decent entry point […]
Jurgens Bauer says hang on for now until the market bottoms. I have to agree – they don’t ring a bell at the bottom, but be careful before jumping in. However I believe the long side of this trade is the right one long term.
From the DJ news wires: On ICE Futures U.S., pit-traded Arabica coffee futures sank to 2 1/2-week lows as funds and small speculators liquidated and batches of sell stops were triggered during the retreat. Sellers were spurred by predictions from Brazilian meteorologist Somar and other forecasters that the nation’s producing areas – where it’s been […]
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