Meat, poultry, egg prices should go lower on reduced feed costs. Corn processors will also benefit, but I doubt those lower costs will benefit consumers.
The current crop is just starting to be harvested. As crop is harvested in northern states additional downward pressure will be put on price. There will be record storage well into 2015 awaiting hopefully better prices. IMO the price may inch up some during 2015, but it will be below breakeven for growers until at least 2016 or 2017. This is going to be a long term washout for farmers and commodity speculators, including CORN longs.
His last name begins with "B", ends in "I", and Yahoo police think I'm cursing when I state his name, so they have blocked two of my attempts to post creds to his forecasting accuracy. He predicted the near perfect corn growing season and likely resultant bumper crop, and he did this in May or June. He also predicted the devastation of New Orleans by Katrina when the storm was days away from landfall.
There is already old corn stored from last season. More will be stored this season. You are right about less being planted next season, but likely the stored corn will keep price low for 2015. I doubt there will be any significant recovery in corn price until 2016 or 2017. JMHO
The crop is mature. It is dried on the stalk before harvest. It doesn't matter how cold it gets now. It will be harvested. Corn price will go lower no matter if Hell freezes over.
Congress/Obama not going to let this continue, and both Dems and Repubs will agree on regulations to reign in corporations which take this route. The public is against this tax dodge for corporations, and the politicians will be free to act punitively without risk of backlash. Remember, most people these days are not active stock market investors.
Market will only get periodic minor pullbacks as long as Fed manipulates it. The big one will come when Fed stops holding rates down. But that won't happen anytime soon because the interest on the US debt would be unsustainable.
The corn is mature and awaiting drying out. It's harvested after it has dried on the stalk. So, frost shouldn't affect it now.
If so, then sell; you should have sold earlier. But keep in mind that other rating agencies have their targets a lot higher, the price hasn't dropped anywhere near $27-29 even though the ratings downgrade was known all day, and company has history of earnings surprises to upside due 8/6. I don't believe the stock price will drop anywhere near those lows unless there is a serious bear market. But differing opinions are what makes a market. We'll see. Snug
USO has ratcheted higher during the uptrend this year. IMO the recent decline in price is in line with the previous sell-offs and will soon be replaced with a new run higher. If that run doesn't extend to higher prices than the last run-up, it will be time to consider that the uptrend is over. For now, IMO the recent sell-off is a buying opportunity.
Just the opposite. It says that yield too low on PFE to justify the price and risk given treasury alternative, since the earnings report show the company is stagnating..
No cheer for shareholders in earnings report. Double whammy with proposed overpayment for dubious asset, AZN. Stock price hasn't dropped more already because of XD tomorrow. IMO after that is out of the way there is nothing to prevent big drop in price.
CEO comments are always designed to pump up shareholder enthusiasm. I think new potential buyers will take a wait and see attitude considering looming negatives. For existing shareholders the question is whether to hold through XD to collect the divi or sell now and avoid loss of principal when the share price drops. Some may decide to sell now and repurchase the shares at a lower price in the months ahead.
IMO price will move sideways to slightly lower until Fall, unless there is a significant market correction when it will move with the market. In recent years it has moved up Fall into early in the new year. All bets off if the board follows through with the stupid move to buy AZN. That should drop the stock price several points.
Bonehead waste of money to buy AZN and just about every analyst pans it. PFE stock price is being hurt by fears the board will follow through with it; maybe even raise the bid. Better to sit on offshore cash and wait for better tax treatment rules after elections.
GLD was down on 1/21, but ABX continued trending higher. Yesterday it was down, probably on the HSBC downgrade and on weakness in GLD. Today, it more than made up for yesterday's loss on HSBC becoming old news and strength in GLD. The fact that ABX is in an uptrend cannot be dismissed. The only question is how high will it go before reversing. IMO if the stock breaks through $20.50, Oct high, it will signal a move to mid to upper $20's even without a return to the Oct GLD price levels as long as GLD doesn't move sharply lower near term.
IMO Chilean bureaucrats will look at the price of gold and the financial setbacks to ABX and see that the golden goose could be killed. If that happens Chilean workers don't get employed and bureaucrats don't get payoffs. So, they have to go easy.