• 5 minutes Trump vs. MbS
  • 9 minutes Saudis Threaten Retaliation If Sanctions are Imposed
  • 15 minutes Can the World Survive without Saudi Oil?
  • 38 mins WTI @ $75.75, headed for $64 - 67
  • 11 hours The Dirt on Clean Electric Cars
  • 1 hour These are the world’s most competitive economies: US No. 1
  • 38 mins The end of "King Coal" in the Wales
  • 17 hours Uber IPO Proposals Value Company at $120 Billion
  • 1 hour Saudi-Kuwaiti Talks on Shared Oil Stall Over Chevron
  • 7 hours EU to Splash Billions on Battery Factories
  • 8 hours Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 40 mins Coal remains a major source of power in Europe.
  • 21 hours COLORADO FOCUS: Stocks to Watch Prior to Midterms
  • 8 hours Poland signs 20-year deal on U.S. LNG supplies
  • 22 hours Saudis Pull Hyperloop Funding As Branson Temporarily Cuts Ties With The Kingdom
  • 18 hours U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
Alt Text

Peak Lithium Won’t Happen Anytime Soon

Peak lithium is not happening…

Alt Text

How Long Will The Lithium Rush Last?

As the race to secure…

Alt Text

World Class Copper Auction Draws Major Interest

Peru’s mega Michiquillay copper is…

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

Trending Discussions

The Great Grain Market Massacre

Grain prices were slaughtered today in the wake of a bombshell of a report from the US Department of Agricultural showing that plantings were much larger than expected. Corn and wheat were limit down, and the associated fertilizer and equipment stocks were a shambles.

Corn took the biggest hit, with the government seeing acreage rising from an expected 90.76 million acres to a stunning 92.28 million acres. Of the open interest of 500,000 contracts in December corn futures contracts, 200,000 were for sale at market down 10%. Synthetic instruments were trading at levels indicating at least a further 5% decline tomorrow.

The ags have been regular earners for me over the years. I caught a double a year ago in wheat, just as the Russian fires were getting started. Except for a few long plays in January, I have been largely absent from the space this year.

However, the long term fundamentals in favor of a bull market are still in force. The world is making people faster than the food to feed them, with the global population expected to rise by 2 billion to 9 billion by 2050. That works out to 175,000 new consumers of food a day.

While today’s crash certainly makes the grains more attractive, we are not there yet. Wait for the dust to settle from this current move before contemplating a buy.

CORN

JJG

By. Mad Hedge Fund Trader


x


Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News