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Commodity Whack-A-Mole

Tyler Durden's picture


Ok, someone needs to step in here before people get hurt... Er, more. The chart below is not of some biotech strategically bought by various CT hedge funds having just announced a successful obesity Phase 3 trial. It is corn: one of the most widely consumed commodities in the world. And while corn appears to be today's limit up commodity, elsewhere cotton has just limited down as a continuation of the recent ICE plundering, courtesy of the exchange's margin hike; rice, after touching on highs, has decided to drop aggresively, as have cocoa (never mind the Ivory Coast government vacuum) and coffee. This is the kind of environment in which companies that do not have commodity price hedges can go bankrupt in a span of months. Which reminds us to create a basket of companies that do versus those that do not have input price hedges. That could be one of the most profitable pair trades in 2011.


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Fri, 02/04/2011 - 15:44 | Link to Comment The Axe
The Axe's picture

no inflation.....ha ha ha      no I want to cry actually..

Fri, 02/04/2011 - 15:56 | Link to Comment HarryWanger
HarryWanger's picture

I don't know if you noticed but he did say that every other commodity fell and some sharply. One rising limit up day in corn does not constitute inflation. 

Fri, 02/04/2011 - 15:58 | Link to Comment traderjoe
traderjoe's picture

Harry's a professional troll. Please do not respond to him. 

Fri, 02/04/2011 - 16:31 | Link to Comment Pure Evil
Pure Evil's picture

But, we've got to have some fun crapping on someone's head.

Hairy Cankqer fits the mold.

Fri, 02/04/2011 - 16:47 | Link to Comment gloomboomdoom
gloomboomdoom's picture

I want to bare Wang's children!

Fight Club was a good movie... Glad people don't do that shit in real life.

Free Speech (Until it is not)

WE are all Tyler Durden.

Fri, 02/04/2011 - 17:01 | Link to Comment Hephasteus
Hephasteus's picture

I don't know who or what the hell you are. I just know I don't like it.

Fri, 02/04/2011 - 17:55 | Link to Comment Mad Max
Mad Max's picture


Sat, 02/05/2011 - 01:18 | Link to Comment StychoKiller
StychoKiller's picture

Bare != bear


Sat, 02/05/2011 - 09:49 | Link to Comment nonclaim
nonclaim's picture

Ah, that... I thought she(?) was just a pervert.

Sat, 02/05/2011 - 06:45 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture


hephasteus:  let me help you out, ok? 

i think i can deconstruct the BiCH. 

b4 i drop the egg, tho, i think i should disclose that what she is doing is so hot, she can have her way with me, anythime.  for me, she did a fabulous job, here.  i almost wrote hear. maybe she likes sunshine.  that would be nice.

this is fabulous, H:   I want to bare Wang's children!   think about it!  an artist!

now, when i started to read this piece, before i opened it to go downtown, my first thought, @ tyler's first line, was:  what the FUK???  i mean if he doesn't want the job, that's up to him, right?  i give you tyler durden: 

Ok, someone needs to step in here before people get hurt...

i caught that one on the chin!  now, tyler DURDEN is such an archeytpal mindfuk in the story & movie, AND, on ZH, (!)(!) throws and takes a heluva punch, but just sooooo spincter-clamped about a few starving children and a little Benocide, or 2, or 9 or 29, that i thought, well, i hope he understands there might be a few peeps here that just get the uppercut, as it were.

so here's why my heart is throbbing, H: 

Fight Club was a good movie... Glad people don't do that shit in real life.  

SHOWTIME!!!  at this point, i'm just finished!  this IS the woman for me...  i'm only a pi-rat, ok? 

tyler?  you ok?  Hahaha!  i'm talkin:  HAHAHAHAHAHA!!!

H:  gloomboomdoom???  well, works for me.  i understand.  trust me.  but this is such a risk for me.  women have been a terrible health threat to me, ever since i can remember, almost. but, i feel she'll understand, too.  trust is a 2 way street, right?  unless...  well, we won't go there, now. ok? 

the finish is somewhat elegant, here, doncha think, H?

Free Speech (Until it is not

WE are all Tyler Durden.

wtf, might as well call the entire place out, while she's at it!!   she's pi-rat-ical, H;  that's all she wrote...

don't tell her how i feel, ok, H?  i'm really kinda shy.

thanks 4 listening H.

tyler? you ok?  Hahahahaha!

(man, this shit is pretty good!)

whack a mole, indeed!

Sat, 02/05/2011 - 10:37 | Link to Comment steve from virginia
steve from virginia's picture

Nobody knows you're a dog on the Internet ...

Sat, 02/05/2011 - 15:08 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture





doggie diner, sta-puff. ty!

Sat, 02/05/2011 - 13:13 | Link to Comment alter ego
alter ego's picture

Harry works for

1) The Fed or

2) Homeland Security

I don't know, even the most bullish person can sometimes recognize reality.

He never does that, he just want to support what main stream media like

CNBC and Bloomberg want you to hear.

And yes he is a troll, and annoying one.



Fri, 02/04/2011 - 16:09 | Link to Comment medicalstudent
medicalstudent's picture

correct, harry


inflation is an increase in the currency supply, and is definably demonstrated independent of any price increases in any commodity whatsoever.

Fri, 02/04/2011 - 16:23 | Link to Comment bob_dabolina
bob_dabolina's picture

First of all...everyother commodity isn't down. Several commodities are...once again....outperforming stocks. And cotton being down is the result of ICE hiking margin requirements (they did the same thing to silver/gold a couple weeks ago) and Also keep in mind Harry that Cotton moved like 20% up in a couple weeks these pull backs are healthy (like you say about the S&P)

Here is a heat map for you Harry. So you can see what the best performing assets are. (hint: not stocks)

Fri, 02/04/2011 - 16:20 | Link to Comment Batty Koda
Batty Koda's picture


You're right.

Fri, 02/04/2011 - 22:02 | Link to Comment bulldung
bulldung's picture

+1 .You probably got junked for the F-bomb,which although I also find rather a rather base way of communicating, I will readily overlook in gratitude for the excellent chart you posted. Where I work we have an F-bomb allowance, you get mine for the month.

Sat, 02/05/2011 - 06:11 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture



fuk yoy, cowpie!

Fri, 02/04/2011 - 17:28 | Link to Comment Turd Ferguson
Turd Ferguson's picture

Shit, Harry. You've typed a lot of stupid shit but that there is right at the top of the list. Embarrassingly short-sighted and naive.

Fri, 02/04/2011 - 23:31 | Link to Comment OuaisBla
OuaisBla's picture

Oil did drop today. Which is a great thing. If that was meant to last more than one day.

But on the long run it doesn't matter much. Coffee drop a bit? Rice too? A drop in the ocean.

I feel that Egypt might see some calm in the next days. But hte fact that oil can stand close to 100$ is most worrisome to me.

Fri, 02/04/2011 - 16:11 | Link to Comment TorchFire
TorchFire's picture

No worries!  The DOW to watch may be DOW chemical company. With the Chinese using plastic rice to dampen inflation and in the US we have Monsanto producing corn which  is only 25% as nutrious as its natural predecessor. Cutting nutrition....just another way to invisibly downsize the product.  Candy corn is actually better for your health.  I would advise attention to silver, guns, land and worms....(wholesome little red wrigglers, not the criminal reserve variety)

Sat, 02/05/2011 - 02:32 | Link to Comment JW n FL
JW n FL's picture

corn has no nutritional value... what so ever.


So anyone who is interested in corn is interested in what they want you to be interested in, which is nothing.

Sat, 02/05/2011 - 19:41 | Link to Comment tmosley
tmosley's picture

Treat it with lye and it becomes hominy, which is a staple thoughout Latin America (ie it is used to make tortillas).

Fri, 02/04/2011 - 15:45 | Link to Comment Dr. Porkchop
Dr. Porkchop's picture

You can't eat corn.



Seriously, you don't eat it, you only rent it.

Fri, 02/04/2011 - 15:57 | Link to Comment Big Corked Boots
Big Corked Boots's picture

I thought that was beer.

Fri, 02/04/2011 - 16:07 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

I studied chemistry in college.  I was able to turn alcohol into urine with the greatest of ease.

Fri, 02/04/2011 - 16:18 | Link to Comment Cheesy Bastard
Cheesy Bastard's picture

I was able to do it with the greatest of pees.

Fri, 02/04/2011 - 16:21 | Link to Comment Sudden Debt
Sudden Debt's picture

Somehow I don't think you have many friend who come over and drink a beer with you he? :)

Fri, 02/04/2011 - 16:30 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Nope.  I'm a lonely shut in.  This was not because I peed while drinking beer either.  Most I associated with find the mouth through penis funnel quite the party trick. 

Ever since I started spouting off about paper money and the coming inflation I was no longer going to social events with friends.  I have found that any conversations that swayed outside of movies or sports is not something many people are comfortable with conversing over.

Now I drink alone and with nobody else.  

Fri, 02/04/2011 - 16:35 | Link to Comment Cheesy Bastard
Cheesy Bastard's picture

Obvious?  Sure, but it's Friday.  Might as well get started.

Fri, 02/04/2011 - 16:41 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture


Fri, 02/04/2011 - 16:42 | Link to Comment Cheesy Bastard
Cheesy Bastard's picture

Back at ya, Doc!

Fri, 02/04/2011 - 16:45 | Link to Comment impending doom
impending doom's picture

Sounds familiar somehow. All it needs is a pop-culture-addicted fiancee leaving because you're "clearly crazy" and it's my life... I just keep repeating this quote to myself: "It is no measure of health to be well-adjusted to a profoundly sick society"

~Jiddu Krishnamurti

Fri, 02/04/2011 - 16:48 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Fits in nicely actually. I have a neighbor who's friend used to come by and visit our hood now and again.  A gay, coke-addled ex-trader from JP Morgan.  I used to love calling out some of his financial terrorist tactics or at least those identified with JPM.  He would never have a come back to some of the jabs I'd throw his way.

Sat, 02/05/2011 - 06:19 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture




drink alone?

one bourbon

one scotch

one beard

Fri, 02/04/2011 - 16:45 | Link to Comment mmlevine
mmlevine's picture

Like George Thorogood - "I Drink Alone".  I'm in the same boat Doc.  Nobody wants to talk to me anymore.  That's why I come here to ZH, to be with people who feel the same as we do.

Fri, 02/04/2011 - 16:49 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Tis nice indeed to flock with birds of a feather.  Brings some sanity to my reality really.

Fri, 02/04/2011 - 17:37 | Link to Comment Mr Poopra
Mr Poopra's picture

It makes me feel physically ill to be around certain people now.  I have friends that are still buying stocks, talking about sports, watching foxnews like everything is back to normal.

I feel like everyone on here is a kindred spirit.

Fri, 02/04/2011 - 17:38 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

I agree.  Hope one day there is a ZeroHedge mixer of some sort.  I would gladly fly anywhere in the US to meet up with this motley crew.

Fri, 02/04/2011 - 19:54 | Link to Comment dogbreath
dogbreath's picture

I'll wear a paper bag on my head so you recognize me

Fri, 02/04/2011 - 22:11 | Link to Comment hardcleareye
hardcleareye's picture

A ZH mixer, now that, my friend is a scary thought. 

Fri, 02/04/2011 - 22:25 | Link to Comment iDealMeat
iDealMeat's picture

Sounds good..  Let's all meet at 33 Liberty Street
New York, NY 10045


Let me know..


Math question: *

[ ] minus zero equals ten

Fri, 02/04/2011 - 17:07 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Dr. Dick, quite right about talking paper money with most people...  I have kind of given up.  I now pretty just mention my interest in gold and following the corrupt markets and leave it at that.  Only one or two have followed up...

Most of my drinking is alone too.  Which is just as well.  Because if I drank with others, THEN alone afterwards, well that would be too much.


O/T News Flash!  

I JUST heard on the radio that Beavis and Butthead are coming back to MTV, perhaps this coming summer.  Really, I just heard that.  Humor even a Bearing can understand!

Fri, 02/04/2011 - 17:10 | Link to Comment Cheesy Bastard
Cheesy Bastard's picture

Heh heh heh heh.  He said "coming" and "dick"

Fri, 02/04/2011 - 23:52 | Link to Comment bigdumbnugly
bigdumbnugly's picture

excellent, cheesy!

Fri, 02/04/2011 - 17:12 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

I have had two of my neighbors, who would roll their eyes when I talked about such things, that have come back to me and told me some interesting things.  Such as, "You know you look like you can see into the future right?  Everything you have ever talked about has been coming true.  It is astounding."

One other has told me to not give up and they asked about where to buy gold and silver.  My personal favorite is telling people what the gas price will be two weeks out.  That usually gets some attention.

I need TP for my bunghole.

Sat, 02/05/2011 - 06:34 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture




more coffee 4 the doc.   now!

Fri, 02/04/2011 - 16:56 | Link to Comment TruthInSunshine
TruthInSunshine's picture

I studied biology in college and always fancied myself a gynecologist.

Fri, 02/04/2011 - 17:13 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Riddle me this - what bleeds regularly and never dies?

Answer - The Fed's balance sheet.

Fri, 02/04/2011 - 16:20 | Link to Comment Dr. Porkchop
Dr. Porkchop's picture

Yes, but the corn comes out completely unscathed.




Corn in, Corn out.

Fri, 02/04/2011 - 17:19 | Link to Comment dearth vader
dearth vader's picture

Sounds like cornography to me.

Fri, 02/04/2011 - 17:29 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Try watching Candy's Cornhole Carnival.  Great cornography.

Fri, 02/04/2011 - 16:02 | Link to Comment Cleanclog
Cleanclog's picture

Watch the documentary "King Corn".  You REALLY won't want to eat corn.  It is already in your hair.  It has entered you in sooooooooo many ways already.

Fri, 02/04/2011 - 16:33 | Link to Comment downwiththebanks
downwiththebanks's picture


Fri, 02/04/2011 - 15:48 | Link to Comment TruthInSunshine
TruthInSunshine's picture

1st, good luck trading these government infested/manipulated markets.

2nd, good luck trading these government infested/manipulated markets in an era where's there's guaran-damn-teed to be way more government infested/manipulated measures used to suppress what's ravaging the world in political and economic terms, as Ben Bernanke, aka the ChairCreature who couldn't even predict that housing was in a bubble in August of 2005, desperately pulls out all the stops to ensure he has a green light for more hilarious fiat-QE antics when governments keep falling and businesses are screaming bloody murder due to what's soon to be sure margin annihilation.

Prediction: 30,000 bale limits on non-physically delivered cotton is the tip of the iceberg.

Fri, 02/04/2011 - 16:01 | Link to Comment mynhair
mynhair's picture

Heck, just look at those two candles on SPY before 3.  Let the BS continue!

Fri, 02/04/2011 - 16:12 | Link to Comment MsCreant
MsCreant's picture

He has so much practice with Blythe suppressing PMs surely Government Sachs (a rose by any other name still is in bed with the gov.), J.P. Morgue-on, and friends can help get things "looking right" on the commodities charts. Stuff that inflation here, stuff it there, up their ass, in their mouth, until finally "Pop!" goes all the weasels.

Sat, 02/05/2011 - 06:52 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

paint the charts, JPM!

we ARE gonna boogie til we puke!

Fri, 02/04/2011 - 15:48 | Link to Comment The Axe
The Axe's picture

amen brother


Fri, 02/04/2011 - 15:48 | Link to Comment fast99snake
fast99snake's picture

limit on corn is 30 cents, not 16

Sat, 02/05/2011 - 06:56 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

oh, let's not quibble, 99.

he only missed it by THAT much!

Fri, 02/04/2011 - 15:50 | Link to Comment buzzsaw99
buzzsaw99's picture

You don't want to eat **that** corn. Monsanto GM corn isn't fit for hogs. Ethanol maybe.

Fri, 02/04/2011 - 17:50 | Link to Comment Cathartes Aura
Cathartes Aura's picture

According to GMO Compass, an online mecca of GMO industry information, 91% of soybeans grown in the US are genetically modified

This GM soya is being added to processed food in the USA and Americans are consuming it. It is in practically everything, from your local grocery store's chips section to your nearest fast-food chain.

  • Harvard University researchers reported that eating half a serving of soy a day lowers sperm concentrations and may play a role in male infertility, particularly in obese men. The reason isn't clear; however, there has been speculation that soy increases estrogen activity, which may have a negative affect on sperm production which also interferes with other hormonal signals.
  • The soybean is a phytoestrogen which has been linked to increased breast cancer risk, although there is much debate over this theory.

The greatest health risk of all is for those who suffer from food allergies. For those with life-threatening conditions such as anaphylactic shock to peanuts or soy, GMOs pose a very real threat that must be taken very seriously.

of course, since "they" don't have to label GMO-fud in the system, no one knows they're eating it. . . until they experience the "effects". . . FDA=Monsanto.

next up: wheat.


Fri, 02/04/2011 - 18:04 | Link to Comment DarkAgeAhead
DarkAgeAhead's picture

And alfalfa.

Now the nuts talking about proposed legislation to ban seed saving, I'm taking a bit more seriously.

And I had always thought soy was evil!

Fri, 02/04/2011 - 18:57 | Link to Comment Cathartes Aura
Cathartes Aura's picture

thanks for that link - their comments thread has more info/links, it's good to people are fighting for amrka's food supply - if anyone wants to know what's happening to their food and WHY:

"Wikileaks Cables: U.S. Sought to Retaliate Against Europe over Refusing to Allow Monsanto GM Crops"

USDA Vilsack Turns Unregulated GMO Alfalfa Loose on the Planet!

USDA’s Monsanto poster boy Vilsack approved deregulated genetically modified (GM) Alfalfa today, January 27, 2011. This is a case precedent for the GM Sugar Beets case coming up next, as well as for all other biotech crops. . .

So, while we scramble around desperately searching for someone to believe in, it appears that the Center for Food Safety’s lawsuit actually opened the door to complete deregulation of all biotech crops. The question is, was this an intentional consequence considering that this organization is funded by Rockefeller and Merck?

also: organic sugar beet crops are suffering cross-pollination problems, and there are fears GMO sugar beets are infesting the system.

Fri, 02/04/2011 - 19:44 | Link to Comment DarkAgeAhead
DarkAgeAhead's picture

Ah, f@ck...Merck and Rockefeller fund the Center for Food Safety?  That disappoints.  I listened to Kimbrell's lecture from a Bioneers conference, and actually was encouraged by his thinking.  But knowing that, once again I underestimate how deeply the system's mercked and montsantoed.

That information is appreciated, are your posts here.  Great stuff.

But shit, the Center for Food Safety funding source, that left a mark.



Sat, 02/05/2011 - 01:13 | Link to Comment Cathartes Aura
Cathartes Aura's picture

I hear ya, the trust thing is being tested big time now - I'm finding so many layers of "information" that sounds good, then upon further investigation is "funded" by those who really wish we'd all just die, sooner the better. . .

we've really moved through the looking glass into a world so layered in falsehoods and doublespeak that it's literally crazy-making. . . but when I'm out in nature, in my gardens or with the chickens, etc. - I know that it's a good place to put my energy, and surrender to what Is, all ways.

thanks for this exchange - best wishes!

Sat, 02/05/2011 - 03:01 | Link to Comment savagegoose
savagegoose's picture

im no seed hoarder, but if they plan on banning it,  where do i start saving!

Sat, 02/05/2011 - 23:20 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture


somebody hide the turkey baster, quick!

X-pollination's always been a problem.  just lQQk at buzzsaw!  they put it on the ballad (sic) in mendocino county and passed it:  NO GMO's (very agricultural (!) community).  in sonoma county, also v. ag. (!), they tried a similar ban a few years later.  nope; didn't pass.  folks had become accustomed to eating the corn out of monsanto's shit.

plastic corn, plastic rice, plastic gas...

coo coo ca choo, mrs. robinson...

hmmm's the link:

YouTube - Simon & Garfunkel - Mrs. Robinson

ist line?  "We'd like to know a little bit about you, for our files..."

...and so on...//sarc much?//

look at all the sidemen/women.  union job?

Sat, 02/05/2011 - 08:22 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture



somebody outa try to corner the market on Roundup.

what're we talking? 50 trainloads?  5,000?  take it to the Capitol.  hose the congress down.  i'd say they're Roundup Ready!

Fri, 02/04/2011 - 15:51 | Link to Comment nonclaim
nonclaim's picture

Oh, that's because the govnmt has thought of removing subsidy from corn.

(made up lie/rumor on the spot; as good as any other)

Fri, 02/04/2011 - 15:57 | Link to Comment thepigman
thepigman's picture

Is there a single soul in America willing

to call out the bernank on the fraud

he is running?

Fri, 02/04/2011 - 16:04 | Link to Comment topcallingtroll
topcallingtroll's picture

Uh. Then you are in favor of tight money near the zero bound? Look out below!

Fri, 02/04/2011 - 16:05 | Link to Comment mmlevine
mmlevine's picture

What America?  We are a country of helpless sheeple, controlled by speculators who value making a buck above all else.  America has lost her way. 

Fri, 02/04/2011 - 16:34 | Link to Comment digalert
digalert's picture

New here? Around these parts, the Bernank is close to public enemy #1.

Fri, 02/04/2011 - 16:39 | Link to Comment newworldorder
newworldorder's picture

Of those that count? I am afraid not. The great unwashed do not count.

Fri, 02/04/2011 - 15:58 | Link to Comment topcallingtroll
topcallingtroll's picture

Weather. Fade it.

Sat, 02/05/2011 - 06:30 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture



i'm goin long on that one; hit me in the end zone, troll.

like my coach once told me:  slewie, if you want the team to win, do a down-out-and down.


and stay down!

Sat, 02/05/2011 - 06:32 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

nice edit, t.

Fri, 02/04/2011 - 15:59 | Link to Comment Piranhanoia
Piranhanoia's picture

even swimming about smelling blood halfway up the amazon, this fish knows the end game when it swims by.  

Fri, 02/04/2011 - 16:21 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Even rolling halfway down the street in Lima, this bearing knows the end game when it rolls by!

Fri, 02/04/2011 - 16:03 | Link to Comment topcallingtroll
topcallingtroll's picture

My boy federal reserve note (his friends call him buck) is going to kick all y'alls asses soon. first.

Fri, 02/04/2011 - 16:01 | Link to Comment thetruth
thetruth's picture

food is clearly the safest commodity play - it MUST go up eventually unless people stop eating.  sooner rather than later

Fri, 02/04/2011 - 16:26 | Link to Comment Batty Koda
Batty Koda's picture

Yes! Lets drive up food! If we team up with the wacky greens, the eugenicist bankers and the forces of satan we can wipe out many, many useless eaters and make a profit while we're at it!


Fri, 02/04/2011 - 16:03 | Link to Comment Stoploss
Stoploss's picture

Ben's desperate commodity "puts" are quite humorous. Almost time to get long rice, cotton and cocoa, and short silver,corn, and coffee. Now, if i could just find some leverage.. Nice little trading theme for this year.

Fri, 02/04/2011 - 16:06 | Link to Comment ThorsteinVeblen
ThorsteinVeblen's picture


A bushel of wheat yields 42 commercial loaves of white bread (one-and-a-half pound loaves)

One bushel of wheat contains approximately one million individual kernels.

About half of the wheat grown in the United States is used domestically. (Source: USDA)

Small farmers and organized labor should be ashamed. Asking for subsidies, environment standards and better working condition is a sin against the god, capitalism. Their parents produced them for their labor, never read Ayn Rand to them and look where we are now.

On behalf of Cargill,  ADM and Kraft, every time corn or wheat is limit up, we should publicly spank a farmer and a baker.


Fri, 02/04/2011 - 16:20 | Link to Comment Cheesy Bastard
Cheesy Bastard's picture

If bananas are limit up, should we spank a monkey?

Fri, 02/04/2011 - 17:18 | Link to Comment ThorsteinVeblen
ThorsteinVeblen's picture

Bananas would go down if there were a tax on monkey spanking. Japan should consider it. 

Sat, 02/05/2011 - 14:33 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture


just don't do it here!  hear?

Fri, 02/04/2011 - 18:51 | Link to Comment gwar5
gwar5's picture
Organized labor = 5 illegals* standing in a at a Home Depot waiting for odd jobs. (*you're the one who is racist if you assumed they were mexican)
Fri, 02/04/2011 - 16:07 | Link to Comment fragrantdingleberry
fragrantdingleberry's picture

Reminds me of Elvis' last words: "Hmm, corn."

Fri, 02/04/2011 - 16:10 | Link to Comment A_MacLaren
A_MacLaren's picture

Did Orville Redenbacher panic on the long side?

He might need some new BVDs, but those are going to cost him also.

Fri, 02/04/2011 - 16:15 | Link to Comment Hephasteus
Hephasteus's picture

How come I can't find the numbers for the new set of ctfc potion limits.

This is going to be really freaking ugly. If they keep raising these position limits it's going to make commodities creap and then explode. Because people won't be able to stock up to contain inflation. The inflation mechanism will be like an open sewer pipe instead of a spastic thing. Once inflation becomes a daily and weekly event people are more likely to put in huge price increases and then ride out the margin compression.

Fri, 02/04/2011 - 18:25 | Link to Comment MsCreant
MsCreant's picture

Damn that makes sense.

Sat, 02/05/2011 - 09:36 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture


nah.  just put the contracts on CASH.  zerohedge, for a while.  see what happens.  position limits?  why?  they wanna pay cash for 20X the amount of corn that hasn't been planted yet, i say, go for it!  shorts, too.  100% to open.  how many contracts, for you, ma'am?  just deposit the cash.  we'll hold it in a suspense account till you close your bet, OK? 

send the gunners to the morgue for their financing.  stop sending people to the morgue because they don't have financing. for their groceries.  

strange ideas.  strange times. 

fun party. except that this is real, now. nightnight!

Sat, 02/05/2011 - 10:00 | Link to Comment Hephasteus
Hephasteus's picture

I'm trying to think of it from all angles. If you can't hedge on credit doesn't that stick you with the jp morgues hedging mechanisms that are certain to get you an airline company locked into high gas or a chinese company locked into high supply costs till the government says it's ok to tell em to stick it. Don't know which is worse the speculators driving up prices or the people with the big money driving up prices to get you into an insurance scam. It's a tough call. Chumps making money on a sure thing or blythe master's sure fire pain stick derivatives scam.

Fri, 02/04/2011 - 16:15 | Link to Comment BORT
BORT's picture

So we continue to see the Baltic Dry go down as commodity prices go up.  There appears to be a lack of shipping demand for the highly valued commodities.  Explanations could be lack of supply and abundance of demand, but no shipping; or real demand, but lack of funds to actually take delivery, and the price is up because the liquidity is actually now going into commodity speculation instead of stocks?

Fri, 02/04/2011 - 16:28 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture


Yes, BDI ($1045 yesterday close) is 20% lower than a couple of weeks or so than when I last looked.  I have read here at ZH that there are LOTS of ships, new ones having recently come online.

May be time for me to sell some of my DBA...

Fri, 02/04/2011 - 16:16 | Link to Comment Cheesy Bastard
Cheesy Bastard's picture

Ha Ha Ha.  Obesity trial.  This whole thing is going to turn into one big obesity trial.

Fri, 02/04/2011 - 16:17 | Link to Comment I Told YOU So
I Told YOU So's picture


putting the dxh1 and the ech1 charts side by side looks like nice symmetry to me. If so dollar to ~80.00 and euro to ~133.50, by that time (couple weeks?) egypt resolved (step 1 of many) and gold/oil upwards again?

Fri, 02/04/2011 - 16:21 | Link to Comment Yen Cross
Yen Cross's picture

I hope your right on trade. DXY has some healthy resistance in low 79's.

Fri, 02/04/2011 - 16:31 | Link to Comment oddjob
oddjob's picture

Good read on First Majestic Silver and Keith Neumeyer.

Fri, 02/04/2011 - 16:41 | Link to Comment Jason T
Fri, 02/04/2011 - 17:27 | Link to Comment Bam_Man
Bam_Man's picture

This the Federal Reserve's version of "price stability".

Fri, 02/04/2011 - 17:41 | Link to Comment Bastiat
Bastiat's picture

(Reuters) - Oil prices fell sharply on Friday after an apparently unfounded television report about a possible announcement from Egypt set off more speculation that President Hosni Mubarak could be stepping down.

Traders said the rumor seemed to stem from a brief report on U.S. television station CNBC, but more than two hours later there was no news on Egyptian TV about any announcements or possible transition of power. There were no reports from other media outlets suggesting any imminent news from Egypt.

I don't suppose any money was made frontrunning that little rumor, do you?  Pretty clearly any action to suppress commodities gets indemnity on top of the TBTF general fraud indemnity. 


Fri, 02/04/2011 - 18:10 | Link to Comment michigan independant
michigan independant's picture

This is the kind of environment in which companies that do not have commodity price hedges can go bankrupt in a span of months.

When the king is off his ass, nobody sleeps! Risk aversion for us has aready begun and it is above my pay grade to speculate...


Fri, 02/04/2011 - 18:26 | Link to Comment QEsucks
QEsucks's picture

CATHARTES AURA: You're a serious fucktard. Two new University of Illinois studies report that lunasin, a soy peptide often discarded in the waste streams of soy-processing plants, may have important health benefits that include fighting leukemia and blocking the inflammation that accompanies such chronic health conditions as diabetes, heart disease, and stroke

"We confirmed lunasin's bioavailability in the human body by doing a third study in which men consumed 50 grams of soy protein--one soy milk shake and a serving of soy chili daily--for five days. Significant levels of the peptide in the participants' blood give us confidence that lunasin-rich soy foods can be important in providing these health benefits," said Elvira de Mejia, a U of I professor of food science and human nutrition

In the cancer study, de Mejia's group identified a key sequence of amino acids--arginine, glycine, and aspartic acid, (the RGD motif)--that triggered the death of leukemia cells by activating a protein called caspase-3. 

"Other scientists have noted the cancer-preventive effects of the RGD sequence of amino acids so it's important to find proteins that have this sequence," she said. 

The scientists also verified lunasin's ability to inhibit topoisomerase 2, an enzyme that marks the development of cancer, and they were able to quantify the number of leukemia cells that were killed after treatment with lunasin in laboratory experiments.

In another study, the first to report lunasin's potential anti-inflammatory activity, they showed that lunasin blocked or reduced the activation of an important marker called NF-kappa-B, a link in the chain of biochemical events that cause inflammation. 

They also found statistically significant reductions in interleukin-1 and interleukin-6, both important players in the inflammatory process. The reduction in interleukin-6 was particularly strong, she said. 

Although inflammation is linked in the public mind with chronic health problems such as heart disease, diabetes, and rheumatoid arthritis, de Mejia said it also plays a role in the development of cancer. "We know that chronic inflammation is associated with an increased risk of malignancies, that it's a critical factor in tumor progression," she said. 

"And we can see that daily consumption of lunasin-rich soy protein may help to reduce chronic inflammation. Future studies should help us to make dietary recommendations," she added. 

Although the high cost of obtaining lunasin from soy waste limits its use for nutritional interventions, soy flour does contain high concentrations of the peptide, she said. 

And de Mejia utilized the USDA soybean germplasm collection housed at the U of I, studying 144 soy genotypes to learn which varieties contain the most lunasin. 

"Some genotypes contain very high concentrations of lunasin, others contain no lunasin, and some locations yield more lunasin-rich beans than others," she said. 


De Mejia spoke recently about this work at the Latin American Congress of Food Science and Technology in Brazil, the Latin American Congress of Nutrition in Chile, and the Institute of Food Science and Technology at National Taiwan University. 

The leukemia study was published in Molecular Nutrition and Food Research. Wenyi Wang and Vermont Dia are co-authors. Lunasin's anti-inflammatory effects were described in Food Chemistry. V. P. Dia, W. Wang, and V. L. Oh of the U of I and B. O. de Lumen of the University of California, Berkeley, were co-authors. Both studies were funded by the USDA Future Food Initiative. 

The plasma and genotype studies appeared in the Journal of Agricultural and Food Chemistry. The environmental conditions study was published in the Journal of AOAC International. 

Source: Phyllis Picklesimer 
University of Illinois at Urbana-Champaign 

Fri, 02/04/2011 - 19:22 | Link to Comment Cathartes Aura
Cathartes Aura's picture

@ QEsucks:

CATHARTES AURA: You're a serious fucktard.

your opening lines appear to be the only thing not copy/pasted in your post, so I'm not sure what your point is - GMO soy is the only ingredient that makes lunasin? 

I like corn, tofu, miso, bread, and many other food products - my POINT child was I don't want GMO in my food choices, particularly without LABELS that allow me to make that choice.

away & boil yer arse.

Fri, 02/04/2011 - 19:29 | Link to Comment impending doom
impending doom's picture

You might also direct him to the literature on what corporate (ahem USDA) sponsorship does to supposedly unbiased research. Shockingly, even data entry errors skew in a statistically significant manner towards the benefit of the entity sponsoring the study... I would provide links but it's Friday and I'm already pretty intoxicated.

Sat, 02/05/2011 - 01:21 | Link to Comment Cathartes Aura
Cathartes Aura's picture

well, I lol'd!

yeah, I could provide linkage, I do with most of my posts here because many people are all up in the "conspiracy theory tinfoil hat" mocking - I like to use the words of others and then add a few of my own - but like you, I'm tired and can't be bothered - best way to learn is to do your own research, eh?


Sat, 02/05/2011 - 15:14 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture



can i get suppositories?

Sat, 02/05/2011 - 15:30 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture


no disrespect.

bad teeth. one year too many in the slammer.  same thing happened to ho chi mihn.


Sat, 02/05/2011 - 12:09 | Link to Comment Rick Masters
Rick Masters's picture

I dont know how anybody could flag this as junk. Thanks for this info. I really appreciate it. This is the kind of thing that keeps me coming to ZH. +1000000000

Fri, 02/04/2011 - 21:28 | Link to Comment Agent P
Agent P's picture

"How's the ulcer, Harry?"

"Pretty good.  How's the hypertension?"

"Hasn't bothered me in months."

My undergrad Investments 101 professor showed us this clip and said, "That's pretty much all you need to know about commodities investing."  Then we watched the "Pork bellies, which is used to make bacon, which you might find in a bacon, lettuce and tomato sandwich" scene just for shits and giggles.

Fri, 02/04/2011 - 21:33 | Link to Comment Buck Johnson
Buck Johnson's picture

Could the world go into hyperinflation, it might.  Any country that has dollars could get hurt.

Fri, 02/04/2011 - 23:17 | Link to Comment ak_khanna
ak_khanna's picture

The exchanges have been reduced to gambling dens whereby the more powerful traders with deep pockets move the markets to maximize their own profits at the expense of the remaining not so powerful players. The big boys have enormous money power to move the markets in the direction which results in maximum profits for themselves. They effectively use the media to lure the other players in the market to a position where they would incur maximum loss.

The primary thing driving up commodity prices worldwide are speculators armed with cheap money provided by central bankers and super fast computers. This is causing a havoc in the lives of rest of the population and pushing them towards poverty as they can no longer afford the basic necessities of life.

Regulators are either hand in glove with the banksters or are too slow to react and take ages to identify and take measures to solve the problems.

Total ban on speculation and the reinforcement of Glass Steagall Act is strictly required to bring relief to the man on the street.

Sat, 02/05/2011 - 00:47 | Link to Comment cbtrice
cbtrice's picture

Except for the facts of rising populations, rising incomes for what were poor nations, poor weather for Aus, ethanol sucking up US corn supply, dictatorships buying more food stuffs to keep their poor people from rioting, the debasement of the US $ and relatively low stocks to use ratios for most grains you might actually be somewhere close to right. Then again if you are against speculation why do read any investment site??????  mpw

Sat, 02/05/2011 - 02:59 | Link to Comment Grand Supercycle
Grand Supercycle's picture

As mentioned numerous times, USD strength will keep recurring and this will affect commodity prices.


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