DAG: PowerShares DB Agriculture Double Long ETN Market Currents Page 3

Quote & Headlines Market Currents StockTalk

All
| Earnings
| Dividends
| M&A
| On the move

Thursday, July 12, 2012, 1:01 PM The latest U.S. Drought Monitor isn't pretty, showing substantial declines in "abnormally dry" and "drought-moderate" areas and a commensurate jump in those areas labeled "drought-severe" and "drought extreme," with "drought exceptional" creeping in as well. Corn rebounds from yesterday's sell the news action following the USDA report, +3.9%. 3 Comments [Commodities]
Monday, July 9, 2012, 10:42 AM A check of commodity performance (DBC) in H1 shows agricultural commodities (DBA) the top performer, despite steep falls in coffee (JO) and cotton (BAL), as the drought sends grains (JJG) soaring. Leading on the downside are the economically sensitive energy (JJE) and industrial metals (JJM) sectors. Comment! [Commodities]
Monday, July 9, 2012, 10:34 AM Grains soar again as the heat wave breaks, but one forecaster says coming rain is expected to miss the areas most in need. The USDA's crop report for later today is expected to confirm deterioration of the crops. CORN +5.5%, JJG +4.8%, DBA +2.3%. Comment! [Commodities]
Thursday, July 5, 2012, 5:35 PM Hot, dry weather isn't only plaguing midwestern farmers, as drought conditions also have hit areas in Russia and around the Black Sea, prompting reductions in grain forecasts. Yet food prices have been falling in recent months, and analysts such as Cowen's Colin Guheen expect “benign” inflation in 2012-13; he says the risk is not great for select food companies such as SFD and SWY. 1 Comment [Commodities, U.S. Economy, Global & FX, Quick Ideas]
Thursday, July 5, 2012, 11:19 AM It's always a good idea to check the grains after July 4, and they're soaring again as no relief is in sight from the heat and drought. Adding fuel is the Ukraine, which lowered its corn crop estimate by 8% due to its own weather issues. A couple of headlines for the contrarians: "Corn is shining like gold," and "New dust bowl days on the horizon." CORN +2.5%, JJG +2.7%. 2 Comments [Commodities, On the Move]
Friday, June 29, 2012, 12:49 PM "Sell, Mortimer sell!" It's raining on LaSalle Street. Corn gives up big early gains as rain hits the home of the CBOT - a possible break in the brutal drought covering a good portion of the Midwest. CORN +16.8% this month. 3 Comments [Commodities]
Friday, June 29, 2012, 10:39 AM 2012 corn planted is estimated at 96.4M acres, says the USDA, +5% Y/Y and the highest planted acreage since 1937. Soybeans are estimated at 76.1M acres, the 3rd highest on record. Though both figures are higher than trade expectations, planted acres are not the same as harvested acres, and the drought continues. Corn and beans are sharply higher in early trade. Comment! [Commodities, U.S. Economy]
Thursday, June 28, 2012, 2:50 PM Corn takes a breather from its big June run (up 27%), but a once-in-a-generation drought continues to bear down on the Midwest. A drought map shows the brutal conditions - originally centered on Indiana - making their way into Illinois and even Iowa. 2 Comments [Commodities]
Tuesday, June 12, 2012, 2:30 AM Food may be the next commodities boom. A growing world population and changing food preferences in emerging economies could prompt a surge in demand for agricultural products, and a recent flurry of M&A activity in the agribusiness sector suggests commodity firms are trying to position themselves ahead of the possible boom. Comment! [Global & FX, Commodities]
Tuesday, May 29, 2012, 8:31 AM Agricultural commodities are mostly up this morning, with the notable exception of wheat futures, which are -1.3% as rainfall in key grain-growing regions in Russia and Australia eased concerns over a possible disruption to global supplies. Soybean futures +0.7% on adverse weather conditions in the U.S. Midwest and Great Plains-region. Comment! [Commodities]
Tuesday, April 10, 2012, 8:50 AM One reason for the continued bullishness on corn is a 4.3M ton reduction in world ending stocks thanks to higher-than-expected feed use demand out of China. Higher incomes = higher demand for meat. (earlier USDA report) 1 Comment [Commodities, Global & FX]
Tuesday, April 10, 2012, 8:44 AM The USDA sees corn ending stocks unchanged from last month's estimate of 801M bushels. Soybean ending stocks are reduced to 250M bushels from 275M, wheat to 793M from 825M. It's a slightly bearish number for corn as consensus was looking for lower stocks, but owners of the grain don't appear to be in a mood to sell yet. Wheat and beans are indicated to open solidly higher. 1 Comment [Commodities]
Friday, March 23, 2012, 12:25 PM The USDA is maintaining its forecast for 2.5%-3.5% food inflation in 2012, following a 3.7% increase last year on account of growing emerging-markets demand and bad harvests. The 2012 forecast is in-line with the 2.8% increase averaged since 1990. (also) 1 Comment [U.S. Economy]
Tuesday, February 7, 2012, 5:05 AM Farmers will this year sow corn, soybeans and wheat on 226.9M acres of land, up 2.5% from last year and the most since 1984, a Bloomberg survey predicts. Such growth would mean an expansion the size of New Jersey as farmers attempt to exploit the highest agricultural prices in four decades. Comment! [U.S. Economy, Commodities]
Thursday, December 29, 2011, 4:16 AM “If I were buying anything I’d be buying agricultural commodities,” says Jim Rogers. “I think ag will be a great place for the next 10-20 years." His play is commodities futures, or the ETFs that track them, and not ag stocks. He's short emerging markets, U.S. tech, European equities. 4 Comments [Commodities, Quick Ideas]
Friday, May 27, 2011, 3:05 PM A decision is expected within days on whether Russia will lift its ban on grain exports. Deputy PM Zubkov, expecting a bumper crop, says "there is a large probability" the embargo will be lifted. Domestic traders have been accumulating cheap product in the hopes the ban will be lifted and they can sell it overseas at far higher prices. Comment! [Commodities, Global & FX]

DAG PowerShares DB Agriculture Double Long ETN

DAG

PowerShares DB Agriculture Double Long ETN