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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 […]
Another good one from Agora – courtesy of their 5 Minute Forecast (if you couldn’t tell, I read this publication religiously): On the other side of the world, extreme drought and telling profit margins have Australian rice farmers switching to growing wine grapes. Australian rice? Yeah, that’s what we thought, too. But the reduction in […]
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.
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 […]
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