Eagle Bulk Shipping Inc (EGLE)

[Jester_Vandalay]

Market Strategy: Think Profit, Not Price

USDA’s November World Agricultural Supply and Demand Estimates report made up for a two-month absence of "official" information, proving that the corn and soybean crops weren’t anywhere near what the negative pundits were publicizing. This created a false sense of price bullishness. Demand destruction caused by high prices meant a 13-billion-bushel crop would have sufficed.

The January report will provide actual harvested data from producer surveys, eliminating the modeling and discretionary inputs of previous estimates. In the past, the January report has held some 400-million-bushel surprises for corn and could be the final nail in the coffin for prices.

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