I've been watching that stuff amarks.. Posted on the Argentine and Australian droughts.. I see Mr. Chen is not looking that way ... I'm also looking at COW since Argentina is being whacked... I'm leery of the ferts though still.. preferring direct commodity plays.
as for droughts, (...or volcanoes and earthquakes) I'm not so sure a person should manage his/her portfolio in that manner.
What does matter is the chart, and the T/A is horrible, it broke support today and it's being led down by the CCI indicator--which IMHO is key. I wouldn't buy it now until I see the CCI around -200 (or more) -- with the CCI at full cry, it's the only time you can rely on a candlestick reversal.
That said, with a sleepy ADX, this chart may become "dead money" at best, because I don't see any trend, up or down.
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