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<blockquote data-quote="vantexan" data-source="post: 4232866" data-attributes="member: 24302"><p>Sorry amigo if you don't follow the commodity markets. There was another bearish USDA report that caused corn futures to drastically drop Thursday, then exploded up Friday due to the record October weather in the upper Midwest. One of the worst years ever getting crop planted over most of the corn belt due to heavy rain. Rain has returned making fields too muddy to harvest what has matured. Meanwhile African Swine Fever has killed over half of the world's largest pig herd in China, and is spreading throughout Asia. We just happen to have excess pork here due to replenishing our herd after the devastating Ped-V virus in 2013. Producers increased the herd too much trying to take advantage of the high prices. So what to do, what to do? China has a 60% tariff on our pork but that's being removed. Bottom line corn is still under $4 a bushel, but record was set in 2012 at over $8 a bushel. Might not go that high but is going up. Pork prices are still very low but if China buys, and with the Chinese New Year coming in January it's about 99% certain they will, prices are going up. I don't recommend anyone trade commodities without a firm grasp of fundamental and technical analysis. Extremely risky. I've followed the markets for 30 years, made $125k in a coffee bull market. But most first time traders lose their initial investment, and the potential is there to lose exponentially more very quickly. Do your due diligence.</p></blockquote><p></p>
[QUOTE="vantexan, post: 4232866, member: 24302"] Sorry amigo if you don't follow the commodity markets. There was another bearish USDA report that caused corn futures to drastically drop Thursday, then exploded up Friday due to the record October weather in the upper Midwest. One of the worst years ever getting crop planted over most of the corn belt due to heavy rain. Rain has returned making fields too muddy to harvest what has matured. Meanwhile African Swine Fever has killed over half of the world's largest pig herd in China, and is spreading throughout Asia. We just happen to have excess pork here due to replenishing our herd after the devastating Ped-V virus in 2013. Producers increased the herd too much trying to take advantage of the high prices. So what to do, what to do? China has a 60% tariff on our pork but that's being removed. Bottom line corn is still under $4 a bushel, but record was set in 2012 at over $8 a bushel. Might not go that high but is going up. Pork prices are still very low but if China buys, and with the Chinese New Year coming in January it's about 99% certain they will, prices are going up. I don't recommend anyone trade commodities without a firm grasp of fundamental and technical analysis. Extremely risky. I've followed the markets for 30 years, made $125k in a coffee bull market. But most first time traders lose their initial investment, and the potential is there to lose exponentially more very quickly. Do your due diligence. [/QUOTE]
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