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Kevin Kerr recently started up a blog on his trading site. I’ve added a link here on the left. Crappy day today, winding down on a crappy week. Corn has been getting absolutely whacked on the good weather reports – I’m still in the trade, with a stop down at 578. Natural gas has been […]
Corn futures have been whacked this week. Dry weather over the weekend helped farmers make impressive gains, but plantings are still behind. This may be a nice buying opportunity. All the “on the ground” intelligence I’ve seen still indicates this crop could be in serious trouble. These could be some deceiving positive numbers that are […]
Same story we’ve been following here. A nice rally in the grains today, and a little bit of life in the softs as well. Can corn continue to break out from here? It’s been rangebound for the past couple of months – I keep thinking that fundamentals will eventually prevail and push corn past the […]
From Agora’s 5 Min Forecast – Kerr sees corn north of $7 in ’08. I know, yet another post about plantings behind schedule. Also worth noting – as long as I’ve been following Kerr (~3 years), his calls on corn prices have been spot-on. Corn futures, on the other hand, are still on the rise. […]
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.
I just picked up a Cocoa contract. I had been eying cocoa for about a week, but wanted enough validation to pull the trigger. Of course now I wish I had pulled it sooner – but that’s the way it works. Check out the cocoa chart here – very strong rally following up from the […]
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.
Hat tip to Daily Wealth for this chart on Potash (scan to the end of the article). Potash should just keep on humming along for the forseeable future – we’ve posted about them before here, and I don’t see an end to this trend.
From Agora’s 5 Minute Forecast: “This cold, wet start to April,” explains Kevin Kerr, “means farmers may not get corn into the ground before May 1. That is devastating. If cold, wet weather persists in the Corn Belt and farmers don’t plant until after May 1 and then, as in ’83, we see dry weather […]
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