Maybe the weather won't be as perfect for agriculture as it's been the last twenty-five years. From 2008's "
A Black Swan in Food":
...Donald Coxe, chief strategist of Harris Investment Management and one
of my favorite analysts, spoke at my recent Strategic Investment
Conference. He shared a statistic that has given me pause for concern as
I watch food prices shoot up all over the world.
North America has experienced great weather for the last 18 consecutive
years, which, combined with other improvements in agriculture, has
resulted in abundant crops. According to Don, you have to go back 800
years to find a period of such favorable weather for so long a time....
From Kimble Charting Solutions:
The table below reflects how Corn, Soybeans and Wheat has done year-to-date (not well, losing between 10% - 16%)! This type of poor performance often creates opportunities, if you like the ole boring idea of "buying low and selling higher!"
The above chart takes a look at the Grain ETF (JJG). The Power of the Patterns take on JJG is this - A bullish falling wedge seems to have formed, which suggests that 65% of the time a rally will take place. This bottom of the wedge took place at a potential triple bottom....MORE
