Commodity Marketing

[cottonpicken]

Canola is breaking major technical support,the shorts will pile on.

We need a few up days or were in trouble.

Hopefully the bollinger will save us.

[kamichel]

Hearing locally in my neighbourhood that canola has been moving well lots of product sold. I am hoping that this will result in lower stocks at some point as I am sitting only 1/3 priced for Jan. delivery.

[agstar77]

Asian stock market taking another big hit tonite and oil is down more. We are all paying for the capitalist darkside the unbridled greed. The capitalist system is the same as every other , when its abused the repercussions can be awful. When its well run its a thing of wonder. Unfortunately the people who run it are not perfect and will take advantage of the lack of effective controls.

[Fransisco]

Funny, the way I look at it we are once again paying the price of ignorant socialists who thought that they knew better than the market what the price of things should be. It's the people and governments who thought they could "control" and manipulate the market to their own ends who brought this on.

One wonders if they will ever learn not to meddle in the affairs of others. What we need are controls on the folks who keep wanting to control everything.

[agstar77]

Yeah George and his buddies had a hand in creating this mess in forcing Fannie and Freddie to make a bunch of bad loans. Now the U.S. government , that socialist state owns 60% of the U.S. housing mortgage market. They allowed unfettered derivative trading that no-one understands. Enron was just a canary in the coal mine.

[Fransisco]

You're right, but lets give credit where credit is due. This one belongs to both Republicans and Democrats. They both have their fingerprints all over this mess.

Republicans and,or our own Conservatives don't "trust" the marketplace in all sorts of areas and it just keeps getting them into more trouble.

At least they're not bailing out Lehman or Meril Lynch this time round. That's a start.

[agstar77]

We've been in consumption mode as a society since the second WW, and it has fuelled growth, now we have to switch gears and use preserving and improving the worlds enviroment, as the engine of growth. Neither of the U.S. or Canadian leaders have come to that watershed. Until they do we are toast.

[cottonpicken]

Even the ancient greeks new that once a populace can "vote" itself money from the puplic coffers,the end was near.

Were all to blame.

[AdamSmith]

cotton you are so right.

It's pretty clear the Bush and the US Gov't pressed the lending institutions hard to make it easier for someone with little money to buy a home in order to share in the American dream. (a nice warm and fuzzy thing)

But when you don't have to put any of your own money on the table, what's the diff. You'll offer the moon for a house if you don't need anything to back it up.

But you just can't blame Bush, everyone wanted this and everyone sat back and watched the fiasco unfold.

Agstar did you read the article I posted about the UN's chief climate guy saying cattle farts are as much to blame for greenhouse gas increases?

Don't think for a moment that that's the next step after a "carbon tax".

[Fransisco]

So far the US greenback is hanging in there. It'll be interesting to see what the Fed does today and the dollars reaction to it.

[jensend]

so much for supply and demand

http://network.nationalpost.com/np/blogs/fpposted/archive/2008/09/16/grain-prices-shrink-as-investors-flee-commodities.aspx

[Fransisco]

Well that should make all the folks happy who were mad at all the speculators in the market.

(BTW, I was not one of those people)

[AdamSmith]

Just got in from sitting on the machine and I feel I need to correct what I said earlier.

Was listening to Rush today and he pointed out that the seeds of this financial institution crash were planted in 1990's when BILL CLINTON signed a bill that overtuned the laws that seperated commercial banking from investment banking.

This was a Bill Clinton/Democrat deal not a George Bush deal. Bush tried to deal with it but the Democrats in congerss wouldn't go along.


read it here from Investors Business Daily
http://ibdeditorial.com/IBDArticles.aspx?id=306370789279709

[AdamSmith]

and along the same line

http://hotair.com/archives/2008/09/16/whose-policies-led-to-the-credit-crisis/


This is what happens when governments intrude into the free market

The Americans are quick learners, it only took them nine or ten years to learn the lesson,

We're 70 years into the same debacle in the wheat market here in Canada and were still having to fill out ration books.

Talk about s---l---o---w learners

Sheesh

[cottonpicken]

The us government now owns 50% of the morgages and the largest insurance company in the countrie,in the span of a few weeks.

Pretty soon-airlines and car companies and a couple hundred more banks.

Its all over except the crying