• 3 minutes Nucelar Deal Is Dead? Iran Distances Itself Further From ND, Alarming Russia And France
  • 5 minutes Don Jr. Tweets name Ukraine Whistleblower, Eric Ciaramella. Worked for CIA during Obama Administration, Hold over to Trump National Security Counsel under Gen McCallister, more . . . .
  • 9 minutes Shale pioneer Chesepeak will file bankruptcy soon. FINALLY ! The consolidation begins
  • 12 minutes China's Blueprint For Global Power
  • 2 hours EU has already lost the Trump vs. EU Trade War
  • 2 days Science: Only correct if it fits the popular narrative
  • 7 mins Impeachment S**te
  • 2 days Crazy Stories From Round The World
  • 5 hours Pope Proposes New Sin: Thou Shalt Not Destroy The Harmony Of The Environment
  • 10 hours Everything You Need To Know About Trump
  • 2 hours 55.00 WTI
  • 2 hours Visualizing Pennsylvania Oil & Gas Production (Through September 2019)
  • 1 day IEA predicts oil demand will grow annually at 1 million barrels a day for the next 5 years
  • 4 hours Water, Trump, and Israel’s National Security
  • 2 days Iran Burning: Shock Gas Price Hike Triggers Violent Protests After Subsidy Cuts
  • 2 days Atty General Barr likely subpeona so called whistleblower and "leaker" Eric Ciaramella
  • 1 day ‘If it saves a life’: Power cut to 1.5 million Californians
  • 10 hours Last I Checked
Mad Hedge Fund Trader

Mad Hedge Fund Trader

John Thomas, The Mad Hedge Fund Trader is one of today's most successful Hedge Fund Managers and a 40 year veteran of the financial markets.…

More Info

Premium Content

Grain Prices Are Spiking Everywhere

Now the grains are literally on fire.

News reports over the weekend of wild fires triggered by historic draught conditions in Russia and the Ukraine, consuming vast swaths of wheat have sent prices flying.

The Food and Agriculture Organization (FAO) now predicts that 10-15 million tonnes of wheat will go missing this year, leading to global supply shortages.

The big problem is that the breadbasket of Europe has long been the low cost provider of grain for the world market, and their absence is going to squeeze major consumer nations, like China and India.

You all know that I have been wildly bullish on the ags since June. Since then, the corn ETF has rocketed 18%.

I have recommended the agriculture ETF (DBA) for the past year, which has long been moribund.

But its 9.2% weighting in wheat took it up a healthy 12% in July. If anyone had any doubt about the existence of global warming, you better take a look at these charts.

Agriculture Fund

Courtesy: Mad Hedge Fund Trader




Download The Free Oilprice App Today

Back to homepage



Leave a comment
  • Anonymous on August 04 2010 said:
    So you are impressed by the increase in grain prices. Well, think about how things are going to be in ten years when the global population has increased by a billion people.
  • Anonymous on August 05 2010 said:
    This isn't 'global warming', its extremes of climate change. Climate always changes, but with solar activity increasing our climate change is becoming more extreme. Both in hot and cold cycles. Russia may have an incredibly cold winter this year, even by its standards.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play