From the category archives:
From Reuters this morning (hat-tip Forexyard) …
U.S. farmers can expect a record corn crop this year and another huge soybean harvest, with China a hungry buyer again and possibly on track to become the number one export market for U.S. agriculture in the next few years.
At its annual Agricultural Outlook Forum on Thursday, the U.S. [...]
I have a new video up for Uncommon Wisdom Today — Santa’s Sugarplum Rally. If you want to read a transcript of this video, click on the following link …
brodrick-122209-santas-sugarplum-rally
Or if you have trouble following that, here’s an alternate link …
http://blogs.uncommonwisdomdaily.com/red-hot-energy-and-gold/files/2009/12/brodrick-122209-santas-sugarplum-rally.pdf
As America stuff itself on turkey, let’s consider the rest of the agricultural commodity complex.
Chinese imports of soybeans are ramping up bigtime. Shipments may even eclipse this year’s record, thanks to Beijing’s pledge to keep shoring up local prices and a pick-up in soymeal demand.
In fact, China has bought 15.84 million metric tonnes of new [...]
Since I’m in South America, where agricultural exports are a big deal, I thought I’d look at the agriculture sector. To do that, we can view the Market Vectors Agribusiness (MOO: 45.31 0.00%)
You can see that MOO has almost made a 50% retracement of its big decline. It isn’t there yet, though. When it gets [...]
Today, this is the story in London’s Daily Telegraph: “Food Will Never Be So Cheap Again.”
For investors wishing to rotate out of overstretched rallies – Wall Street’s Transport index and the Russell 2000 broke down last week – this is a rare chance to buy cheap into a story that will dominate the rest of [...]
The question “Is Agriculture the last bargain” is actually a relative question. I think both gold and silver are cheap compared to where they’ll be a year from now. Oil too, probably. But in terms of the commodity rally, agriculture is the last bargain, according to Societe Generale. Here’s a chart they produced …
Societe Generale [...]
