Thanks to our boy S’Wheat Times for digging this one out:Full article on Yahoo
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Thanks to our boy S’Wheat Times for digging this one out:Full article on Yahoo
Sticking with the rules here, I’m now into cotton and sugar on their respective breakouts. Still like the live cattle and added some longer dated contracts this week. Will probably not add to this position, as it’s heavy enough. Got scared out of corn early – I ended up selling at the break even mark. […]
I find it’s always good to check your assumptions periodically. It’s even better to check them again. And better yet to recheck them one more time. I have a long term belief that the commodity bull still has years to run. And it’s refreshing to step back, look at the big picture (especially on down […]
Looks like the specs are piling into the near-term sugar contracts, based on forecasts that India will be a net importer of sugar. Their farmers are forgoing sugar in favor of higher priced crops. Well gee, it’s about damn time! Not quite to a breakout yet – we’ll see if this gap up holds.
Have to admit – I’m a bit frustrated with the weakness in the meats, especially in the face of this grains rally. Doesn’t seem to make much sense, and I can’t see a scenario where meat prices are not higher in 6-12 months. This livestock report helped calm me down – it looks like farmers […]
Alright back in the saddle here. Was attending my 5-year college reunion past 4 days – man did I miss some crazy action on Thu/Fri. Back this week and we’ll try to figure out where these crazy markets are heading! Open Positions Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss 05/21/08 […]
Chuck Butler gives a fantastic rant on Bernanke’s recent tough talk in his morning column. Not much too add to Chuck’s commentary – nicely done Chuck! From a trading perspective – I’m trying to pare back all position sizes, and I still can’t seem to do it fast enough. Meats have taken a turn down […]
You know, I wish I had something interesting or insightful to say. Last week sucked, and I’m just glad to be out of my losing positions (silver – ouch, pork bellies – rallied since, of course). Did a bit of thinking, and it’s probably time I start following my own advice. Keep position sizes manageable, […]
Good piece by Christopher Laird on the ongoing inflation/deflation battle. I found this bit particularly interesting: There is a report that 25% of the world wheat crop is at serious risk of a new virulent wheat rust that chokes the wheat before it comes to head. (Mid-East to Asia). The US has its own concerns […]
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