Opium on CBOT?

Pekelo

Pekelo

Finally good news out of Afghanistan:


" Opium cultivation in Afghanistan has hit record levels - up by more than 40 percent from 2005 - despite hundreds of millions in counternarcotics money, Western officials told The Associated Press."

I wonder, when does the CBOT start to trade opium futures? I am sure long on it...
 
Nobody pointed out yet, but if the commodity had a good year, thus plenty on the market, I should be shorting it instead of being long.
 
Yeah, but are you sure that demand has peaked? How much of that +40% increase in production is sitting unsold? Would street-prices drop if you moved it?
 
Quote from DannoXYZ:

Bah, 40% is nothing compared to +2000% the year after we kicked out the Taliban.
More...


Ummmm, you missed maths class in high school?

the 40% growth is ON TOP of the +2000% yearly compound growth.

All flowing into the coffers of the largest drug dealing and money laundering operation in the universe. The CIA.
 
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