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 corn so late, but I got stopped out a month ago fair and square - it happens. All we can do is look ahead, and looking ahead now, the upside seems to far outweigh the downside. No telling how high the grains can go - we may be on the verge of a global famine.
Given this, as we've discussed before, meat prices must rise - no way around it! The cattle contracts look especially attractive. Both lean hogs and pork bellies already have premiums priced in for the distant contracts, but I'm not seeing that in the longer term cattle contracts.
Most Popular Articles This Month
The gold standard these days has been reduced to a distant memory and fantasy of hard money proponents. IF we returned to a gold standard, ...
Jim Rogers sat down with Newsmax for a short interview , in which he expressed his belief that the US economic situation is "very, very...
Our soft commodity flavor-of-the-month, cotton, has seen its near term futures surge "limit up" for the second day in the row. Wa...