Whats everyones take on market direction and why?

[charliep]

All I can say is I am glad I am not trading futures these days (have done in the past to very limited amount and I highlight limited - too much risk/lack of sleep factor).

I think this is a story farmers should be following. Futures volatility will get transferred back to farmers in terms of wider basis levels. As an example, any grain company (including the CWB) that carries open position (not hedged) grain inventory/contracts even overnight faces major risk the next morning when they step into the market to cover their position.

Will note cottonpicken's points over time about the general bull market in commodities and the answer has been yes. The commodity market has lost its bloom (at least from a speculative sense). Have the commodity markets over reacted (realizing that individual commodities have fundamentals at play that will move their prices around outside normal patterns? Will commodities in general start heading higher?

[charliep]

Should not my comments are based on all the red in todays crop futures markets. I look at 30 cent/bu moves on CBT corn and 60 cent moves on beans as $1500/$3000 pain or gain on 1 contract. The 5000 bu is one of bins or 3 "B" trains. Also realize just one day in the market - things change. Perhaps a good time to be on holidays or concentrating on getting equipment ready for harvest and leaving some of the market gyrations alone.

[Kodiak]

Some talk today of an EU based index fund liquidating either for financial reasons or re-classification from hedge fund to spec fund. Who knows for sure.....

I agree Charlie. Either prepare equipment for harvest or go to the lake. I think I like the lake better. I can forget this ugliness better there......

[cottonpicken]

I'm buying more stock for the first time in a long time.Wedino your sitting pretty and ahead of 99% of the investment crowd,i'm very surprised at how much were on the same page.

Like it or not every single farmer is technically in the futures market if he produces something.

I love this roller coaster were on.

This isnt the last time we will go up and then crash.

[parsley]

Here's a hot off the press market direction from Food Navigator.com:

Aug 20th -2008
A few quotes:


Coors tempted into UK women’s beer market
By Shane Starling

The UK’s second biggest brewer – Coors UK – has set itself the ambitious goal of making women “love beer as much as they love shoes”.



Coors UK, the UK arm of US brewing giant, Molson Coors Brewing, has established a working a group called Eve that is investigating beer formulation, packaging and marketing options that may be more appealing to women than the array of “male dominated” options currently available.

From the brewery to the bar
“From the brewery to the bar, beer has a very male persona,” Derry said. “We want to do more than just get women drinking beer – we want to get them excited about drinking beer.


Our philosophy is that beer is a good thing that women are missing out on. That’s what Eve is about.”


UNQUOTE


Just curious...Are the men drinking Adam?

Parsley