Does anybody know the current moisture condition of Cresud's growing crops? I know the La Nina effect has caused sporadic showers throughout Argentina and Brazil. Thanks in advance of any informed info.
More dry weather, and temperatures of more than 100 degrees Fahrenheit forecast for next two weeks:http://www.bloomberg.com/news/2010-12-27/wheat-corn-soy-decline-after-china-raises-interest-rates-to-cool-prices.html
South America crop yield warnings:http://www.bloomberg.com/news/2010-12-23/wheat-soybeans-advance-amid-tightening-u-s-grain-supplies-china-demand.htmlAnd stock breakdown warnings:http://www.nasdaq.com/asp/stock_consultant.asp?symbol=CRESY&selected=CRESYA bumper yield last year and even with land sales the equity of the farming segment only increased a little. I bet it will be a crash of China's economy in 2011 that sinks it, along with other stocks.http://www.thestreet.com/story/10955366/1/5-reasons-china-will-crash-in-2011.html?puc=tsczacks&cm_ven=tsczacksJust be careful. Try to squeeze what you can out of it before the dust hits the fan and china bites it.
do you realize that the main activities of CRESY have nothing to do with crops but rather with real estate and banking in Argentina?
The moisture condition in Argentina can be seen using the FYO site.http://www.fyo.com/clima/Seglluvias.aspYou just have to sign up first. Currently the majority of provinces have had insufficient rain the last two months.The probability that the rain will catch up is shown in this window:http://www.fyo.com/clima/Hidricas.aspCurrently the moisture deficiency of the Argentine properties are moderate to serious, with less than 25% chance the deficiency will be made up.
Heard today via CNBC that farmland in the States has gained 10% in the last quarter. Only 3 months-- Speaks volumes concerning our investment in Cresy.