Corn?

Quote from local:

The market has already dialed in a sub 1 billlion bushel carryout, this despite near record production. Time to look at demand side of equation, this apppears to be a demand driven market even though funds have a record long position. Doubt that weather will have a significant negative effect on prices. Time to look beyond weather.

Regards, local
More...

I was at a funeral yesterday and chatted with a hedge fund manager who is nephew to the deceased. He swears by commodities for the next 10 years on this philosophy:

USA has been 2/3 of global GDP for a hundred years or more with 300 million people today. There are more than 2 billion people now entering the middle class. You can try to guess what car they will buy, electric appliances, etc. but one thing is certain - if they have more money they will eat more. Corn, rice, sugar, etc. are all long plays for a decade on this premise.

Certainly worth thinking about.
 
Quote from dafeeder:

I am sure the endusers just want corn farmers to get a decent price out of their crop, so that is why the market is a little firm.
More...

The market has just rallied $1.50 since July 28, closing higher 30 of the past 37 sessions. This market is more than just a "little firm". Overnight price action/volume similiar in grains/beans to that of 2008 when record prices were set. Suggests to me a continues flow of fund capital. Forget harvest pressure, market appears to be panicking.

Regards, local
 
Quote from local:

The market has just rallied $1.50 since July 28, closing higher 30 of the past 37 sessions. This market is more than just a "little firm". Overnight price action/volume similiar in grains/beans to that of 2008 when record prices were set. Suggests to me a continues flow of fund capital. Forget harvest pressure, market appears to be panicking.

Regards, local
More...
LOL, I know a little bit about the corn market and was being Sarcastic.
 
Quote from dafeeder:

LOL, I know a little bit about the corn market and was being Sarcastic.
More...

there is no panic in the grain market. its following the seasonal pattern. plus, live cattles is making new high, therefore a hint corn top is near
 
Quote from local:

The market has already dialed in a sub 1 billlion bushel carryout, this despite near record production. Time to look at demand side of equation, this apppears to be a demand driven market even though funds have a record long position. Doubt that weather will have a significant negative effect on prices. Time to look beyond weather.

Regards, local
More...

weather will always be a significant effect on prices. after all, rain grows grain.
 
Quote from local:

The market has already dialed in a sub 1 billlion bushel carryout, this despite near record production. Time to look at demand side of equation, this apppears to be a demand driven market even though funds have a record long position. Doubt that weather will have a significant negative effect on prices. Time to look beyond weather.

Regards, local
More...

anyway, because the harvest seasonal started, u may want to pay attention in the cattles market
 
Thought so, just checking. Anyways, market now pricing in potentially the tighest corn carryout in history. Should create lots of opportunity, eg N/Z spread, wheat/corn.

Regards, local
 
Quote from emg:

there is no panic in the grain market. its following the seasonal pattern. plus, live cattles is making new high, therefore a hint corn top is near
More...
What seasonal shows corn going up a $1.50 during harvest?
 
Quote from emg:

anyway, because the harvest seasonal started, u may want to pay attention in the cattles market
More...

I'm long cash cattle. Cattle is not what is moving the corn. Corn carryout is potentially tightest in history despite smallest calf crop in 35 years.

Regards, local
 
You must log in or register to reply here.
Back
Top