Thursday, April 03, 2008

Kevin Kerr: Corn Crop in Trouble

From Agora's 5 Minute Forecast:

“This cold, wet start to April,” explains Kevin Kerr, “means farmers may not get corn into the ground before May 1. That is devastating. If cold, wet weather persists in the Corn Belt and farmers don't plant until after May 1 and then, as in '83, we see dry weather come in around June, well, then you can kiss this crop goodbye.”

Even if farmers managed to sow their crops, Kevin tells us that current yields based on planting intentions have no room for error… nothing less than a near perfect harvest will satisfy demand.

“A disaster would take only a nod from Mother Nature. Last year, Australia and China -- maybe this year it's our turn to get spanked. I have decided to head out to see some of my farmer friends in Minnesota and Iowa with my family in a couple weeks. I will keep you posted on how the fields look as I visit each of their farms.”

Tuesday, April 01, 2008

Daily Wealth: Frank Holmes Expects Copper to Double From Here

Frank (Holmes) expects copper – which has gained 400% in the past five years and now sells for $3.75 per pound – to hit $8 to $10 in the coming years.

Frank is the CEO and chief investment officer of publicly traded U.S. Global Investors, one of the top commodity fund managers in the world.

Full Daily Wealth article

Rude Awakening: "D" is for Demand

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.

AP: Analyst Predicts Corn Rationing in 2008

Shout out to my boy Marcos for forwarding this one along.

A BB&T Capital Markets analyst said Monday corn rationing may be necessary this year, following a U.S. Department of Agriculture report predicting farmers would plant far fewer acres of corn in 2008.

Full article

The Growth Stock Wire: Agriculture Is Entering a Blow-Off Top

Full article

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