The Rising Influence of Rising Affluence

[wow_happens28]

Early last late January I heard Bill Griffith of CNBC say that there were going to be a lot of food shortage stories in the next three weeks. Well, we had so called "Food Riots" around the world the next 3 weeks and commodities topped just after. Name your own conspiracy.

http://stockcharts.com/h-sc/ui?s=RJA&p=D&yr=3&mn=0&dy=0&id=p47504619173

Anyway, I bought RJA for a trade 9 days ago, and since I bought there have now been 4 food surplus stories. Roy, the bottom of food commodities may be near, if you believe in conspiracies that is.

http://www.confectionerynews.com/Markets/Sugar-prices-to-fall-for-2012-amid-volatility-Rabobank

http://www.confectionerynews.com/On-your-radar/Cocoa-supply/Cocoa-crop-boom-to-push-prices-lower-in-2012-Rabobank

I can't find the other, but the USA underestimated wheat surpluses after being low the month before. I own a base RJA and may add in my IRA if I see a nice double bottom. I like the $8.38 area.