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Veteran Advisor
Mizzou_Tiger
Posts: 2,204
Registered: ‎11-02-2010
Accepted Solution

cx1..........

the DJ transports are taking a beating today.........I sometimes use that as a broad leading indicator.........next couple of days might get ugly........

 

also looks like oil got taken to the wood shed again, BUT maybe trying to find support today?????

 

also watching the ag sector stocks a bit, wondering if the fundamentals will be a shelter and draw money in if things get squirrelly........

 

soya commanded the day, which given they bounced on support............export pace and sales are off the charts........domestic use is good..........and a huge drop in price recently............they should...........also IMO the USDA had it close to right before adjusting production up...........so we could see the balance sheet get tight by Jan..........

 

thoughts.........anyone

Esteemed Advisor
Hobbyfarmer
Posts: 3,658
Registered: ‎01-10-2012
0

Re: cx1..........

With all the news world wide about the ills of most of the major economies I'm surprised the wheels are still on. The election year grease by all of the Obamanation fat cats on the QE dole are pulling out all the stops to keep the thing belching out smoke for two more weeks.

 

BUT just announced that Bank of America is getting extorted for 1 billion for more mortgage fraud.

 

My money is in farmland, grain, energy, and precious metals. (lead and brass).

 

If the liberals win ... we lose.

 

If the less liberals win ... we lose because the thing is on life support anyway.

 

Too many "entitlements"  Too many able to do something people only able to cash welfare cks. The they owe my mentality is going to be a hard one to wean off.  

60% of the time, it works every time.

"Political correctness is a doctrine, fostered by a delusional, illogical minority, and promoted by mainstream media, which holds forth the proposition that it is entirely possible to pick up a piece of dung by the clean end."
Esteemed Advisor
Hobbyfarmer
Posts: 3,658
Registered: ‎01-10-2012
0

Re: cx1..........

Wheat is $1.30 a bushel over corn. Looks to me like that might limit the feeding of wheat in favor of bidding just a little more for the remaining corn?

 

What is the basis compairison in cattle feeding areas?

60% of the time, it works every time.

"Political correctness is a doctrine, fostered by a delusional, illogical minority, and promoted by mainstream media, which holds forth the proposition that it is entirely possible to pick up a piece of dung by the clean end."
Senior Contributor
bkadds
Posts: 250
Registered: ‎04-29-2011
0

Re: cx1..........

Do you sell corn now? Have a month of time to price, but election has me concerned.
Advisor
c-x-1
Posts: 3,081
Registered: ‎06-26-2012
0

Re: cx1..........

i know exactly what you mean re: TRAN being leader. i've seen it many times. however, they were up yesterday (IND UNDERLYING STRENGTH) while DJIA & other indices were down.....we are in strange/unique times...that i do know. NQ has formed a pretty good looking climax/exhaustion bottom over last few days per my edumacation.

 

CL hit 67% retrace from last rally within a huge, contracting, fairly equilateral triangle on wkly bar chart. trendline on that comes in about 83.20, so it could move down 2-3 bucks more.

 

you think export #'s will come in impressive tomorrow?

Esteemed Advisor
sw363535
Posts: 4,258
Registered: ‎07-18-2011
0

bkadds

[ Edited ]

I am kind the odd guy out here but we have a lot of corn priced------lets say 65%.  That's more than I am comfortable with ---- we have the storage I would like to use.  But these are good prices.   We share the election jitters with you.  This leadership has no answers that are intended to help our economy long term.  The short term answers are less effective every time they are tried.

Nothing this group wants to do will help our economic problems.

sw
Advisor
c-x-1
Posts: 3,081
Registered: ‎06-26-2012
0

Re: bkadds

sw- does "corn priced" mean you're unprotected that amount - storing it, fwd sold? educate me here, then i'll have some thoughts.

 

thx, c-x-1

Senior Advisor
kraft-t
Posts: 10,725
Registered: ‎05-10-2010
0

Re: bkadds

What would you have them do to improve the economy? Inquiring mind wants to know. What would be your strategy?

Veteran Contributor
DismalScience
Posts: 96
Registered: ‎05-30-2012
0

Re: cx1..........

Krafty All economic gains come from production. We need to increase incentive for people to produce. Too many getting checks including farmers. Cut the welfare corporate and personal and people will be forced to produce. That will improve the economy.

Also get rid of all the government agencies. They produce very little economic benefit.
Veteran Advisor
Mizzou_Tiger
Posts: 2,204
Registered: ‎11-02-2010
0

Re: cx1..........

O boy....krafty isn't going to like that answer......his SS and Medi depends on it.......

And I bet he comes after me for this comment instead of dismal who said it........true bobblehead style......