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Looks like this corn crop is toast, and the other grains could be in trouble too. High input costs (diesel, fertilizer, etc) are really hammering farmers and their motivation to replant crops this late in the year. I ponied up for a wheat and a corn contract last night. A little bummed I got into […]
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.
Great job by Dan Denning and the Rude Awakening crew on today’s article. They make the case that a steep decline in agriculture is unlikely. Only a decrease in demand would trigger that, and that does not appear likely at this point in time.
3/31 Editor’s note – Click here for coverage on the latest USDA Planting Intentions Report. Report looks to be bullish for corn, bearish for what and beans. Full article from Farm Futures. And the markets are trading accordingly. I just picked up a May corn contract at 576 – like the report, and overall […]
Full article Summary: UN says world food production must increase by 60% over next 20 years to meet demand Grain and meat production is extremely water intensive – many areas in the world do not have the excess water to ramp up grains and meats Brazil will be the key – it has 23% of […]
Full story Summary: Kerr believes a sharp correction could arrive at anytime Corn prices are likely to remain high as long as the US gov’t continues to subsidize ethanol Longer term, the bull market in ag commodities should continue for some time
Well…duh. Full story Summary: US retail prices in 2007 rose about 4% – highest gain in 17 years Similar gains expected for 2008 Reduced production of meat and poultry expected in 2009 (our next investment theme, maybe?)
Full stories: Theglobeandmail.com Bloomberg Summary: Potash CEO William Doyle says grain farmers need to harvest record crops every year to meet demand and avoid famine Potash execs are so confident in long term demand that they considered taking the company private in mid-January “We need a record crop in 2008 just to stay even with […]
By JULIE JARGON February 15, 2008; Page A1 ALBION, Neb. — The U.S. economy may be teetering on the brink of recession. But there’s a bountiful harvest down on the farm. Grain prices are surging to historic levels. Spring wheat, a variety often used in bread, hit a record $18.53 per bushel yesterday. Corn is […]
This article from the AP speculates that farmers may be tempted to switch some plantings from corn back to soybeans this year, but that it’s too early to forecast. Beans are up huge again this morning (March @ 1236 as I type), so this wave is not showing signs of slowing down yet.
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