Commodities Investing: Profiting from the wheat price bubble
Today's Financial News - Posted February 29, 2008
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"I don’t mean to sound like a harbinger of doom, or perhaps I should say Grim Reaper, but the whole grains sector – whether it’s wheat, corn, soybeans, barley, whichever – has become worryingly reminiscent of uranium this time last year." — Dominic Frisby |
by Dominic Frisby
Baltimore – (TFN): You may not have realised it, but one commodity is currently seeing the greatest bull market in its entire history. Not gold, not oil – but wheat.
From its low of $2.40 in late 1999 to yesterday’s high above $12 is an eight-year, near-400% move. Wheat has never moved up so much.
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I don’t mean to sound like a harbinger of doom, or perhaps I should say Grim Reaper, but the whole grains sector – whether it’s wheat, corn, soybeans, barley, whichever – has become worryingly reminiscent of uranium this time last year.
The shorting opportunity of a lifetime may be just around the corner… Read on to learn more.
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