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Yes seems to be getting the Max Factor treatment... we shall c...
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=24520624
Old crop is now being offered at a price below new crop. That is quite a change this year. In fact, soft white wheat is fifty percent down from its high. A fifty percent retracement in any hard commodity would be front page news.
From Bloomberg
Wheat Falls on Improved U.S. Crop Condition Outlook; Rice Drops
By Tony C. Dreibus
April 21 (Bloomberg) -- Wheat fell to the lowest price since November on speculation that a government report later today will show U.S. crop conditions improved in the past week because of more favorable weather. Rice also declined.
Rain fell in western Kansas, and areas from Arkansas to Ohio had dry weather after flooding in some fields. A U.S. Department of Agriculture report last week showed 47 percent of winter wheat was in good or excellent condition, and seeding of spring varieties increased. The USDA will release the latest weekly crop-status report at 4 p.m. Washington time.
``Some guys are looking for better wheat conditions,'' said Clark Neighbors, a commodities broker at Bump Investor Services in Cedar Rapids, Iowa. ``It'll be interesting to see what planted numbers they put out.''
Wheat futures for July delivery fell 25.5 cents, or 2.9 percent, to $8.595 a bushel on the Chicago Board of Trade, after earlier touching $8.41, the lowest for a most-active contract since Nov. 27.
The price has dropped 36 percent from a record $13.495 a bushel on Feb. 27. Wheat still is up 71 percent in the past year.
The spring-wheat crop was 8 percent planted as of April 13, compared with 6 percent a year earlier, the government said last week. The pace is expected to stay ahead of last year's, Neighbors said. Still, the agency report showed seeding was behind the five-year average of 12 percent.
Canada Planting
Prices also may be declining after Canada said today that farmers there will increase fields sown with wheat by 16 percent to 25.1 million acres this year. Spring-wheat seeding will rise 9 percent to 16.6 million acres and planting of durum, a high- protein variety used to make pasta, will increase 23 percent to 5.9 million acres, Statistics Canada reported.
Global wheat stockpiles were forecast by the USDA to decline to the lowest in 30 years in the year through May. Wheat was the fourth-biggest U.S. crop in 2007, valued at $13.7 billion, behind corn, soybeans and hay, government data show.
The USDA said today it inspected about 22.4 million metric tons of wheat for export in the week ended April 17, up 57 percent from the 14.3 million the prior week.
In another grain market, rice futures in Chicago fell for the first time in six sessions as Thailand, the world's largest exporter, said it has enough of the grain to meet demand in Hong Kong. Production in Thailand may also increase supply of the grain in the next two months, analysts said.
Added Supply
``We know there's going to be some rice grown in Thailand, so we may have some added supply by June,'' said Dennis Delaughter, owner of Progressive Farm Marketing Inc. in Edna, Texas, in a Bloomberg Television interview today. ``At some point, the price is going to shake loose some of this rice. There's going to be some supply that's going to come on.''
Futures for July delivery fell 37 cents, or 1.5 percent, to $23.70 per 100 pounds in Chicago. The price more than doubled in the past year on supply concerns. Declining global output and higher prices have led some nations to curb exports.
The price may also have fallen because the Philippines said it would release rice in emergency stockpiles to consumers to curb food prices, Delaughter said.
To contact the reporter on this story: Tony C. Dreibus in Chicago at Tdreibus@bloomberg.net.
Last Updated: April 21, 2008 15:42 EDT
Got me excited... thought it was another one :O(
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28619248
"these posts are not of a licensed investment advisor or analyst nor does he give out buy, sell or hold advice to anyone" LOL
not of a licensed investment advisor or analyst This part gives you some credibility at least :O)
Looks like some more overhang yet to go..
LOL
Context is everything http://www.mandarintools.com/cgi-bin/wordlook.pl?word=min&searchtype=pinyin&where=whole&audio=on
even when pronounced the same way..
of course the waist was lower and narrower back then :o)
LOL.. the min in my Chinese name can mean heaven, folk, or obliterate... context is everything in Chinese :o)
Don't feel too badly , marcie over on CD's thread was saying less than 2 weeks ago they still had 5 feet of snow :O) Baie Comeau...
10-15 cm of snow Friggin; metric system... When I was a kid we got 10-15 inches of snow... :O)
10-15 cm of snow Friggin; metric system... When I was a kid we got 10-15 inches of snow... :O)
bing qiu (ice ball). Can't show the accents ..
http://www.mandarintools.com/cgi-bin/wordlook.pl?word=puck&searchtype=chinese&where=whole&audio=on
I use that site often
Tian Min :o)
Maybe the South heats up and we get another ice age :O) Forget the moose... you'll be hunting mammoths LOL
Bell started off unlimited... and yes anywhere you get digital you can be connected but for Bell there are two levels of service ... depending upon if you are getting their true EvDO service or not.. so sometimes the connection is much slower when in the boonies... still more than ample for normal surfing and trading etc.. Buy a stock on one ride up and sell on the next lift LOL.. Works great if you are riding the enclosed gondola :O)
at with the aircard ? Both rogers and bell have that here on the 1X network.. BUT on bell the extra charge if you blow your cap is a crime.. 3 grand for a gig overrun... on the 5 gig plan... rogers is still high but only 30$ for the same mistake... We are so ripped off here ... I wish the government would get with the program.. Ya think all those third world countries are paying crazy rates like we are ?
Sometimes they worry about the wrong crooks...
ooooh transit strike averted .. now how about 50 cm of snow ;O)
Yeah but spring sprung so fast... I need to get a bit of seed some on the putting green out front... and get the valves back in for the underground sprinkler in a hurry :O) I need two cups now and maybe put together a flag, no driving range though :O)
Global warming :o)
This is how they do it in China :O) (yeah vacation photo :O) Li Ion powered ..
Yeah thanks... rub it in.. Toronto... humbug...
You get fresh snow and I get a transit strike..
Hi Matt,
I was looking for a way to invest in selected futures minus the futures account so I went with COW...
From iPath
Each index calculates returns from three distinct sources (hence the classification, total return):
The interest earned from the cash collateral committed
to trading in the futures (generally Treasury bills)
The change in futures contract price
The return from rolling the futures into further dated
contracts as they approach expiry
I (not an expert) think that is generally how someone with a futures account would be deriving income although I think not all brokers pay you interest on the collateral (cash you have deposited).. So yes interest rates can effect your return... or mad cow disease :O)
Again I'm no expert but that's my take..
The Black Swan
Just gotta make sure I get a one way ticket :O)
http://www.bnn.ca/
11:30AM Commodities Report Midas Letter Pick Potash One
API down FOS down SVU down RAY down SCP up..
read Red's warrants posts upstream... not too bad considering...
he referred to previous interview 30 minutes earlier... I dunno..
Howard Green referred to prior interview with Mosaic CEO..
Saw this happen with Don Coxe once.. not on website..
Paul Matysek on BNN right now... not on web site yet...
Yessir... I've been refering to it as Canadian Hardbodies :O)
Now we see which has the greater price influence... the PP price or the partnership ...
Shock :o)
I sold some API today 8.70... Riding cheapies .. YEEEEEHAW :O)
Wow.. that's a vote of confidence :O)
Yeah I've been watching it a long while... Had some before but sold... Might be waking up here... Fellow on the SI Farming board posted it...
That explains all those commissions I pay.. I'm spending too much time with ladies of the evening like RAY, KCL, FOS ;o)
The pig cull is in part due to new US 'Country of Origin' labeling rules.. so fear is Canucky pigs will be less desirable... but all this stuff is like any other commodity... The cure for low prices is low prices and vice versa..
Assuming you are a US resident the 9-12 lb is hugely because the USD is being trashed as you know.. Up here we have had the opposite circumstance.. Prime rib up here is regularly on special
much lower than Angus.. 4.99ish
SVU is being spurred on :O)
groan....
Bought HEM.TO 3.66
As long as it's not boom boom out go the lights... :O)
Mine too until very recently... The stock price was racing my buys to the bottom LOL