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PowerShares DB Agriculture ETF Message Board

  • market_logic2010 market_logic2010 Aug 7, 2010 3:56 PM Flag

    Grain rally has just started

    DBA calls look good for next stage of rally. See my previous message for strike suggestions. Any problems ahead with US harvest will really goose the rally. What would happen if a tropical storm moved up into the midwest and flooded the fields with 10 inches of rain??? What would happen if the heat and drought continues in the plains and southwestern corn belt??? DBA is still going above $30, and if the worst happens to the crops, could challenge the old highs in the $40s imho. In any event, the premiums on the calls look low to me, so they look like worthy speculations with none of the risk of futures. Sept. $26, 27, 28 and Oct. 27, 28, 29s. Do your own due diligence.

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