Our only real ag long right now is a bet that the corn current crop trades above $5.00 along with a very small taste of cocoa at $2700. It might be time to start paying attention to the grains. And almonds if the Cali drought continues, although a bit harder to trade readers can probably figure out something with Diamond Foods.
From
The Bonddad Blog:
Since the beginning of February, the agricultural ETF has jumped a
little over a point, or nearly 5% in percentage terms. Prices are now
about the 200 day EMA.
Diminished rainfall in Brazil is leading to price spikes in coffee and soy beans.
HT:
Abnormal Returns
