Market news ideas--February 7
* Natural-gas futures dropped to their lowest levels in almost six weeks as warmer weather is being seen for mid-February.
Re: Opening notes--February 7
Looking forward to his reports. Interesting times in Ag. Read that Cargill has some contracts out there that won't get filled due to yield shortages. Hopefully all involved still honor their contracts in doing what needs to be done to make it right. Because the American taxpayer is covering their backs anyway. I think ethanol gets all the media attention. But really, direct payments, crop insurance and the SURE program should be their target. Those farmers with shortages, will still pocket big checks from subsidized crop insurance and then another big check from the SURE program. Can't call farming capitalism, you grow a poor crop and you can pocket more money that the guy who grew a large crop(and marketed too soon). And all with money taken from the taxpayer. These programs are out of touch with the current prices, and no taxpayer needs to pay to put this kind of money in any businesses pocket.
Not to just single out farmers, would be interesting to know if the story I read was correct, that families with food stamps have more money to spend on food that many of those without food stamps and paying their own bills.
Re: Opening ideas--February 7
Hi Jon. Did you mean COTTON is expected to be up 14% in acreage this year? Not Wheat. It will be an interesting battle for acres before the tractors roll.
Cotton up 14%
Good catch on that one. Thanks! And here's a link to the story: ICE Cotton Higher Amid 2011 Acreage Estimate- John