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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 […]
Grain futures plummeted today after the USDA issued it’s supply and demand report, which projected larger supplies than previously forecasted. You can read the gory details of the full report here – or glorious details – depending on which side of the trade you were on. Corn, soybeans, wheat, rough rice all basically closed “limit […]
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. […]
Top posts from the past week: Financial Times: Wealthy Investors Demanding Unprecedented Amounts of Physical Gold Jim Rogers on CNBC 10/1/08 Quick Thoughts on the Latest Black Monday A review of my trades from the week that was: Closed out my Swiss Franc position – Yikes – this trade did not work out, I got […]
Top posts from the past week: Five Easy Ways You Can Diversify Away From the Dollar US Mint: Sorry, we’re out of gold (again) Jim Rogers: Bailout is “welfare for the rich” A review of my trades from the week that was: Went long the Swiss Franc – The Swissie is the Yen’s carry trade […]
A review of my trades from the week that was: Went long December Gold – I picked up a gold contract on the big breakout this week. As we’ve discussed in this space before, I believe the government’s printing of money as fast as it can will send the price of Gold and Silver higher. […]
A special Blogging the Commodity Bull Market shout out to my good friend Lance, who works at a prominent New York investment bank. Lance (name altered to protect the innocent) is a regular reader of our blog, though he is strictly forbidden from commenting whatsoever due to his professional ties. Via a text message exchange […]
A review of trades from the week that was: Covered my Soybean Short – beans rallied, along with the rest of the grains. Closed this out at a loss. And a good thing too – the grains markets continue to rally strong, even into the Asian session this evening. I can’t make heads or tails […]
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