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Sticking with the rules here, I’m now into cotton and sugar on their respective breakouts. Still like the live cattle and added some longer dated contracts this week. Will probably not add to this position, as it’s heavy enough. Got scared out of corn early – I ended up selling at the break even mark. […]
I don’t see too many free columns from good old Jurgens anymore, but they’re always worth a read. Comments on coffee, cocoa, sugar, and cotton. I love reading takes from these old-time commodity traders, as they provide good, rational perspectives. Plus always amusing to see how baffled they are at the circus these markets have […]
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.
Nice simple breakdown of 3 of our favorite softs – coffee, cocoa, and sugar – by the folks at Money Morning. I did not realize the coffee harvest is looking so good – suppose that’s why coffee cannot break out of it’s range. Same with cocoa – I have been avoiding due to the sharp […]
Cattle’s looking good – I’m keeping an eye on the Feeder market also. Wish I still had all my Live Cattle contracts, but oh well – looking to add on a new breakout. Pork bellies are not looking good – same article linked above mentions too much supply on the market. Quite a breakout by […]
Unfortunately Agora has not yet posted the full article yet in their Rude Awakening archives – keep an eye out. Same story we all know – agriculture is poised to go much higher, and the softs (sugar, cotton, cocoa, coffee) look particularly undervalued.
What to make of the ’08 soft commodity rally? Things have happened so fast – even I’m not sure in the short term. I still believe that the long-term case (next 5-10 years) is firmly in place. Rising demand and limited supply will take time to fix – and by that time, most of the […]
Full article Summary: The current commodity cycle is unique because energy and food have “converged” in price – they are now interchangeable due to biofuels Without government subsidies, sugar cane would be the only economically viable biofuel (@ $35/barrel equivalent) Land devoted to biofuels projected to continue its climb
As stocks continue to flounder, commodities continue to soar across the board. Platinum has set 7 record highs in the last 8 trading days. All wheat contracts also set all-time highs. No doubt this is a flat out bull market. But all bull markets have set backs, so we need to keep that in mind. […]
Look at cotton, coffee, and sugar, he says. This is interesting because I was really kicking myself for prematurely selling my platinum position after it took off last week due to the S Africa drama.
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