But the older I get, the more I find myself yearning for the back-breaking work and solitude that comes with the gig. Luckily, I still have a close connection to it. Growing up in a tiny village in the northwest, ranching and farming is -- next to mining -- probably the largest employer. And my father keeps a pulse on the agriculture business, as it directly affects his business.
So I do my best to pick his brain about happenings in the agricultural business. And when we recently talked I was particularly interested in what was going on in the corn and wheat sectors. What he told me was exactly what I wanted to hear...
Right now, there's a ton of supply in the corn and wheat markets. Thanks to exceptional growing conditions this year.
In its most recent report, the United States Department of Agriculture (USDA) announced corn production came in at a record-high 14.5 billion bushels. And this is how it's been all year... This news has caused corn prices to plummet:
It was this freefall that caught my attention. That's because I think conditions are ripe for a rebound in both corn and wheat prices -- especially for corn. And it's all thanks to an aspect of commodities investing that I doubt many investors know about. But if you can grasp the idea, you'll make a killing. (more)
Please share this article
No comments:
Post a Comment