Monday 17th March 2014
As the below charts highlight, upon crossing their respective 200d moving averages, almost every soft commodity has gone on to experience a decent rally ...
Coffee, May Future Source: Bloomberg |
Lean Hogs, June Future Source: Bloomberg |
Oats, May Future Source: Bloomberg |
Cocoa, May Future Source: Bloomberg |
Which brings me onto Corn and Wheat. As these have begun to tickle their respective 200d moving averages, I thort it worthwhile to buy a few of the Corn May Futures.
Corn, May Future Source: Bloomberg |
Wheat, May Future Source: Bloomberg |
Oats vs. Corn, May Future Source: Bloomberg |
Long Corn.
Ps. I am told that the Ukraine is the 3rd largest exporter of Corn, and the 6th largest in Wheat!!!
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