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#5851 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $-1365266
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I’ve seen some shit on r/wallstreetbets suggesting corn going on a substantial rally.
If anyone is contemplating it, be cautious. That storm that rolled through was ****ing for real. But the market hasn’t really moved. Weather markets in the grains are super volatile and over quick. There have been some up days but nothing really at all out of the ordinary, all the while that storm is in the news. The other side is the governor of Iowa said 10M acres flattened. If we assume 50:50 corn:beans and 200bpa:60bpa that’s 1 billion bushels of corn and 300M bushels comes of beans. As a nation we grow 14.5 billion bushels of corn a year and 4.4 billion beans. So whatever order of magnitude the damage is on those acres, it moves the needle. But with ethanol shitting the bed, the meat market ****ed up, and exports being down this year, it may not move it much. Idk, I’d have to do a ton more research than I’m willing to do. All I know is weather markets move quick and this one is not. Here’s your free advice. You get what you pay for. |
Posts: 59,931
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#5852 | |
MVP
Join Date: Oct 2017
Casino cash: $-69600
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Quote:
It seems prime for a crash, but keeps going up and up. |
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Posts: 7,388
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#5853 |
Banned
Join Date: Jan 2013
Casino cash: $9998560
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BTC up 35% over 30d, 25% over 6m.
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Posts: 53,803
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#5854 | |
MVP
Join Date: Oct 2006
Location: West of the Equator
Casino cash: $-1590099
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Quote:
There is going to be a crop assessment starting today in the Iowa, Illinois and Indiana areas that are affected. 100 mph winds may or may not ruin a crop. If it's just laying over it's fine, if corn is broken at the stalk you'll only be able to salvage a small percentage. There's an assumption that most of these farmers have crop insurance... insurance for out buildings, too. |
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Posts: 13,830
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#5855 |
MVP
Join Date: Oct 2006
Location: West of the Equator
Casino cash: $-1590099
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Warren Buffet took a huge stake in gold in Q2. Surprising since he's always said gold is a relic with no value and pays no interest or dividends.
We'll see. Some gold producers jumped 42%+ today. Warren has influence for sure. |
Posts: 13,830
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#5856 |
MVP
Join Date: Oct 2006
Location: West of the Equator
Casino cash: $-1590099
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These are the stocks to own from a totally mathematical investment perspective:
ENPH - $75.06... today's gain 2.6% REGI - $39.68... today's gain 0.08% KNTFN - $5.45 ,,, today's gain 3.81% HOV - $34.31 ... today's gain 20.26% EQX - $13.33 ... today's gain 8.91% Do your own due diligence and make lots of money. Stewie |
Posts: 13,830
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#5857 |
Spooky Action
Join Date: Dec 2003
Casino cash: $-957442
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I heard Berkshire bought shares of a mining company, is that what you're referring to?
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Posts: 6,707
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#5858 | ||
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1358100
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Quote:
Quote:
More correct. It's Berkshire buying. And 500M is about 0.1% of Berkshire’s market cap which means it probably ain’t Buffett doing the buying but one of his sidekicks. Secondly no one is carrying on about his $2.1bn addition to his Bank of America holdings bringing his ownership of that bank to over 12%. That’s huge news especially given anything over 10% bank ownership requires him to publicly disclose his transactions. Last edited by lewdog; 08-17-2020 at 09:20 PM.. |
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Posts: 46,300
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#5859 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $-1365266
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Quote:
Broke is ****ed. Laying over is only moderately less ****ed. If the ear is sitting on dirt it will rot right now. If it tries to fill it’s got half the leaf tissue to make starch. Then harvestability becomes a pretty big issue. Big thing is the leaves have been stripped off of virtually every picture I’ve seen. That’s bad news. Also saw a bunch of pictures of damaged ears. I assume hail. |
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Posts: 59,931
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#5860 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1358100
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S&P just missed record highs today.
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Posts: 46,300
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#5861 |
**** That Noise
Join Date: Jun 2007
Location: Jack Trice
Casino cash: $3136954
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Idex not looking good
__________________
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Posts: 15,119
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#5862 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1358100
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Posts: 46,300
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#5863 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-1429523
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Posts: 40,646
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#5864 |
I'll be back.
Join Date: Nov 2002
Casino cash: $1030478
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You need the stomach. It will pop soon enough.
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Chiefs game films |
Posts: 296,721
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#5865 |
I'll be back.
Join Date: Nov 2002
Casino cash: $1030478
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__________________
Chiefs game films |
Posts: 296,721
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