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

"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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Comments (8)
  • Glenn Doty
    , contributor
    Comments (1116) | Send Message
     
    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
  • detto
    , contributor
    Comments (76) | Send Message
     
    LMAO!!! Prices are still down from last year highs....keep making things up....
    21 Aug 2012, 04:57 PM Reply Like
  • SA Editor Stephen Alpher
    , contributor
    Comments (546) | Send Message
     
    http://bit.ly/NjwNXW

     

    http://bit.ly/O45cOJ
    21 Aug 2012, 11:39 PM Reply Like
  • Glenn Doty
    , contributor
    Comments (1116) | Send Message
     
    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
  • eagle1003
    , contributor
    Comments (1571) | Send Message
     
    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
  • audiophilemb
    , contributor
    Comments (8) | Send Message
     
    the word is "ditto!"
    21 Aug 2012, 09:54 PM Reply Like
  • audiophilemb
    , contributor
    Comments (8) | Send Message
     
    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
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    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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