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Inspired by the Jim Rogers interview I watched last night, in which he said he’d be most interested in whatever agriculture was down the most, I decided to look at the charts to see what’s down and out these days! One longtime favorite of Jim’s, and ours, is rough rice. I was fortunate to trade […]
Here’s a classic example of why it’s advisable to keep your stops just below obvious levels – and out of the market, too. Our rice trade thus far has not panned out as hoped (we bought the two-year breakout in rice prices on February 1st – here’s why). After an initial continued run higher, rice […]
We’ve seen a lot of mustard on the price action in rough rice since we initiated our long May 2011 futures position – but for all that, we are just about where we started: Which, actually, is perfectly fine with me. Since I generally use a 15-day low as my stop on these trades, a […]
Jim Rogers, a fervent agricultural bull since he launched the Rogers International Commodity Index in 1998, recently cited rice as his favorite grain. He told MoneyNews: “If rice goes down, I will buy more rice. Rice has a great future for the next few years.” When Jim casually name-drops a commodity—especially a grain—it’s usually advisable to […]
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 […]
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. […]
Maybe it’s not time to quit on Rice yet! Sorry – wrong rice 🙂 Close call for me – I had my stop down at 23.50. I was sure I was going to be stopped out, and am glad I hung on and waited to “take it like a man”, rather than just selling around […]
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 […]
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 […]
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 […]
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