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"For the first time in this rally, there is a feel of commercial panic," says a broker after a...

  • Tuesday, August 21, 2012, 3:18 PM ET
    "For the first time in this rally, there is a feel of commercial panic," says a broker after a 2nd day of the Pro Farmer crop tour adds to worries over the security of physical grain supplies (day 1 report here). "You cannot load soybean futures in a ship and send to China (or) feed to chickens and hogs ... panic is in the physical ownership." Price records are falling everywhere. JJG +2.2%.
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This news story has 8 comments:

  • Again, this is no surprise.

    Those of us who were paying attention to the weather and climate - as opposed to myopically staring at past commodity price charts - understood this was coming.

    http://seekingalpha.co...

    This is only the beginning.
    21 Aug 2012, 03:48 PM Reply Like
  • LMAO!!! Prices are still down from last year highs....keep making things up....
    21 Aug 2012, 04:57 PM Reply Like
  • http://bit.ly/NjwNXW

    http://bit.ly/O45cOJ
    21 Aug 2012, 11:39 PM Reply Like
  • Thanks Stephan,

    I was going to do the same.

    Anyone who isn't concerned about this isn't paying attention.
    22 Aug 2012, 09:03 AM Reply Like
  • detto: What is your point? Any commodity, or stock, that is starting a bull run could be below last year's highs a be on it's way to new highs. It's the direction that matters and grains are on the move, up.
    21 Aug 2012, 05:05 PM Reply Like
  • the word is "ditto!"
    21 Aug 2012, 09:54 PM Reply Like
  • Food commodities were near record lows as of approximately 2-3 months ago. Anyone with eyes and ears towards the weather (even in their own backyards for goodness sake) would have and did, realize, that prices would go up! I AM NOT a professional but a private and relatively ineperienced investor, however the Socratic and Cartesian methods or reason and rationale dictated the obvious; n'est pas, cretini?
    21 Aug 2012, 09:53 PM Reply Like
  • You just gotta hope Bernanke doesn't decide to print money at Jackson Hole. We might even see food riots here in the Fall if he does.
    22 Aug 2012, 08:04 AM Reply Like
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