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For a few weeks now, we’ve been watching the commodity markets with rapt attention, asking ourselves: “Has the next commodity bull market officially begun?” From the charts, it looks like broader commodity indeces may have finally formed a bottom. Source: BarChart.com So if the wind is indeed once again at the back of us commodity […]
Have Orange Juice futures finally found a bottom? May Orange Juice futures gained nearly 10% this week, on speculation that drought conditions in Florida could damper yields. As you can see, OJ has been in free fall over the past 14 months, dropping roughly in half from peak to trough. Prices appear to have been […]
Bernanke Fires Up the Printing Presses Earlier this week, Ben Bernanke announced the US Federal Reserve will buy up to $300 billion of US long-term Treasury securities over the next 3 months. Where will the Fed get that money? It will essentially create it out of thin air – also known as “printing money.” Surprisingly, […]
Jan. 16 (Bloomberg) — Sugar prices rose, posting their fourth straight weekly gain, on speculation that demand for imported supplies will increase this year in China and India, the world’s largest consumer.… Also worth noting: Reduced supplies from India likely will widen a global market deficit that Czarnikow Group Ltd. estimates will be 5.8 million […]
Here’s another news bit that appears to be medium-long term bullish for sugar futures. I recall reading that sugar based ethanol is cost competitive with oil at $50 or above, so even with the recent correction in oil, the sugarcane based ethanol industry of Brazil continues to boom. peHUB: Paladin Puts Sugar in the Gas […]
Sugar! Is that you, Baby Girl? It’s your old, pal, SugarHigh – remember me? Yeah. It’s been awhile. We had some good times back in ’05-’06. You said you needed some time to get your life back together. I know we got a little ahead of themselves back in ’05…all the way up to $0.20 […]
Some good recent hits from Jim Rogers: The US dollar is in trouble Oracle Rogers sees worse recession ahead Says he’s currently long the Swiss Franc, Japanese Yen, and airline stocks (as a contrarian play). Also thinks coffee, cotton, sugar, silver, and zinc look potentially attractive (this is usually Rogers’ code for – these are […]
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.
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