She is likewise bullish on wheat and soybeans, though corn is more favorably priced, she says.
She is bullish on wheat and soybeans, though corn is more favorably priced, she says.
Bowman grows corn, wheat and soybeans on his property in Sanborn, Indiana, about 100 miles from Indianapolis.
Kopic is a 25-year-old entrepreneur who grew up on a farm in Viljevo, Croatia, a village surrounded by fields of corn, wheat and soybeans, and plenty of goats.
This has been the year of the quiet commodity correction with everything from corn, wheat and soybeans to silver and gold, commodities have been on the decline for many reasons.
Corn futures prices on the Chicago exchange have risen about 50 percent since mid-June, hitting all-time record levels last month, and other grains such as wheat and soybeans are also sharply higher.
FORBES: Feds Could Lessen Drought Impacts But Don't Bet The Farm On It
Bowman grows corn, wheat, and soybeans on 300 acres in Sandborn, Indiana.
CNN: Monsanto court victory could have big impact on biotech
On the eastern plains, Colorado farmers should be enjoying skyrocketing prices for wheat, soybeans and other staples.
When Congress realizes we are going to be importing wheat, soybeans and barley at favorable prices from Canada, they may see the value of taking action.
However, industry sources believe exposure the ETN was holding to corn, wheat, soybeans and sugar futures was nearing limits that might attract the attention of regulators at the Commodity Futures Trading Commission.
But according to this research, wheat will face a difficult future in the developing world, where higher prices for cotton, maize and soybeans have pushed wheat to marginal land, making it more vulnerable to stresses induced by climate change.
This late rally has helped the overall performance of corn, but soybeans and wheat remain weak.
FORBES: 2012 Outlook: Economic Slowdown Could Pinch Demand For Some Commodities
Much of this is rice, wheat, chicken, corn and soybeans supplied by companies such as Archer Daniels Midland, Cargill and Tyson Foods.
For example, in order to maintain the highest level of genetic purity, distinct varieties of self-pollinated crops such as wheat, rice, soybeans and barley need to be separated by at least 60 feet.
Since U.S. farmland is scarce and expensive, each additional acre of corn used to produce ethanol is one less that is available for other crops such as soybeans and wheat, which have seen price increases of more than 240% over the past five years.
The explained variance of this residual yield by climate is generally about 50%, which is very close to the average I found for corn, soybeans, and winter wheat.
Oh, sure, ADM operates factories that crush oil out of soybeans and sunflowers, grind wheat into flour and turn cocoa beans into powder.
FORBES: ADM Should Pop Again If Lawmakers Renew Ethanol Producer Tax Credits
For fund investors, good bets are the Market Vectors Agribusiness ETF (MOO), whose top holdings include ag biotech giants Monsanto and Syngenta and tractormaker Deere, and the Invesco Powershares Agricultural ETF (DBA), which invests in a range of commodities futures, from Kansas wheat to feeder cattle to soybeans, cocoa and corn.
FORBES: How To Make Money Off The Drought: Fertilizers And Food
Prices of corn and soybeans leapt 4% Wednesday and wheat gained 1%, continuing the broad rally in commodity prices that began in June.
Through late December corn prices are up 12% on the year, while soybeans were down about 9% and wheat was down 25%.
FORBES: 2012 Outlook: Economic Slowdown Could Pinch Demand For Some Commodities
Wheat, which is on a different growing cycle that corn and soybeans, saw its highs set in February and has been falling since.
FORBES: 2012 Outlook: Economic Slowdown Could Pinch Demand For Some Commodities
Mr. Taylor, for instance, will have to postpone planting some soybeans this spring until after the wheat is harvested, and that delay could cut into production.
The note consists of futures of contracts of seven agricultural commodities (soybeans, corn, wheat, cotton, soybean oil, coffee and sugar) and tracks the return of the Dow Jones-UBS Agriculture Total Return Sub-Index.
应用推荐