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The smallest acreage for cotton in 26 years has propelled the fluffy material “limit up” for the day, in what amounted to almost a delayed reaction from traders, as cotton was initially down yesterday when the report came out. Likely due to the weakness shown by the other grains. You’d think that with cotton supplies […]
CHICAGO — A set of bearish government estimates released Monday reignited concerns about anemic demand amid a world recession and sent Chicago Board of Trade grain and oilseed futures plunging, analysts said. CBOT corn and soybean markets fell by their exchange-imposed daily trading limits. March corn fell 30 cents to $3.8075 per bushel while nearby […]
Stratfor reports that the current drop in food prices is likely to be temporary, because falling prices and the credit crunch will reduce supply next growing cycle. The article confirms something we’ve been discussing here at length – the trends which originally brought about the supply/demand imbalance in the grains markets are still firmly in […]
Chris Mayer writes in Agora Financial’s Rude Awakening that the global food supply problem is more acute than ever before, as a result of the current financial crisis. This is something we’ve been discussing here of late. Farmers cannot get basic loans for fertilizer. Forget about new capital investments. And this all happening with world […]
Are there any grains worth buying at these prices? Have you seen any article, commentary that may be of help? This question was posed by our buddy and regular reader/contributor Moyo, who runs the fine commodity focused site FuturesCafe. I think that sugar, cotton, and coffee are the most attractive agriculture plays at this point. […]
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