Saw this chart yesterday and forgot to post it – courtesy of the folks at Agora.
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Saw this chart yesterday and forgot to post it – courtesy of the folks at Agora.
In today’s DailyWealth, Tom Dyson makes the case for much higher grain prices in the future. According to Tom, here are the inflation adjusted highs for the grains (hit in 1947): Soybeans: $37.86 Corn: $26.03 Wheat: $29.25 Considering that during a bull market, nearly everything hits a new all-time high – these could have some […]
Ouch 🙂 A tough week, no doubt about that. They don’t come much tougher. A couple of bright spots I’ll pull out: I’m out of all non-currency positions, albeit after a sharp hair cut I managed not to lose all the money I made the week before Selling is tough. Buying is much easier – […]
For those readers not quite ready to open a futures account, here’s a good alternative option for you. UBS announced today that they are launching a new index that will focus on food inflation. Needless to say, this index would have produced very nice returns over the past 5 years – and I think the […]
Now that the grains and softs have taken a breather – maybe temporary, maybe longer – I thought this would be a good time to talk about stops. Especially as I’m scrambling to set mine! This is basic stuff, but it took me almost three years of trading to figure out. Always use stops – […]
From Agora’s 5 Min Forecast: “The cotton market has been very depressed the last few years due to high carryover stocks and lower global demand. All that may be changing. Farmers in key cotton-growing states are rejecting the idea of continuing to grow cotton and are opting for more profitable crops that have lower input […]
Here’s a nicely done article that will take your breath away as it details the commodity markets. Just one after another – soybeans rising on…, cotton jumps on…, oil over $100… – man, you gotta love a bull market!
What a crazy week! Not complaining at all, just trying to hang on and enjoy the ride! Have to be aware that a correction at this point could be sharp and nasty. But no reason to sell on this amount of strength – just fasten your seatbelts! Open Positions Date Position Qty Month/Yr Contract Strike […]
Article in Tuesday’s Financial Times about what’s different about high food prices this time around, and the ramifications that could be felt as a result.
Rogers went on a familiar rampage against US monetary policy yesterday for 750 fund managers in Japan. I think it’s really hilarious how he tears into Bernanke – it never gets old for me. Also interesting to note that although the dollar has tanked quite a bit, he added “you ain’t seen nothing yet.” He […]
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