Asificare

Why I Am Cutting Back on Commodities

Trader Mark,
Right on! I appreciate your honesty! Anyone that says they have a "handle” on this market is a liar. Thank you for your honesty and sound advice. I do however; also believe that the agriculture bull run is still in tact. I have been adding to POT, MON, and MOS on pull-backs and I also have a close eye on BG. I did lighten up a bit today just to lock in some profits, but I will add more on any pull back. I work in the agricultural industry and I see no near-term end in sight. I believe that it is driven by a world wide shortage in food rather than the ethanol sham. Obviously ethanol added to the hype originally, but if you ask anyone who actually produces corn ethanol or people who work in the ag industry, it is well known fact that the corn ethanol thing just doesn't work. It takes more energy to create than it is worth. There is no question that the price action does not reflect the fundementals. Thanks again, some of us appreciate your insight.

As if I care.