% | $
Quotes you view appear here for quick access.

Archer-Daniels-Midland Company Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • grainbelt27587 grainbelt27587 Jan 8, 2010 11:44 AM Flag

    question on trading grains:

    I'm with you on that analysis. Short-term trading is for the pros.. and I mean you better have soil-moisture-sensing satellite data and staff meteorologists.. and daily info from hundreds of country elevators.
    Long term, macro view, as long as petroleum is dollar-denominated, and diesel tractors and trucks work the grain fields, and nat gas-based ammonia fertilzes the soil, grains are going up with oil as the dollar goes down.
    Some years, ADM has made more money on trading than on processing operations.

48.21-0.06(-0.12%)Apr 24 4:00 PMEDT