Moo etf

[wheatking16]

This is the chart of the day published in my newsletter.

MOO - VanEck Vectors Agribusiness ETF is consolidating at its highs.

The direction of the break should signal the direction of grain prices.



https://klarenbach.substack.com/p/chart-of-the-day-moo

https://t.me/klarenbachresearch

[farming101]

Might not have to wait long, maybe Nov 21 and closes over 94.75 to indicate more strength

[AlbertaFarmer5]

Why would that lead grains? Wouldn't the companies within the fund be followers of grains, not leaders?

I would think this would be a trailing indicator.

[wheatking16]

Why would that lead grains? Wouldn't the companies within the fund be followers of grains, not leaders?

I would think this would be a trailing indicator.

Yeah, it could be.

I have a thesis that company stocks tend to lead the commodities.

It is based on a gut instinct.

Totally unproven.

Maybe this will be a test case.

[macdon02]

Why would that lead grains? Wouldn't the companies within the fund be followers of grains, not leaders?

I would think this would be a trailing indicator.

ETF's have no underling, ie the fund goes bust, you got nothing. It's a ponzi per say. They are an in and out deal, not a long term hold. You are better off owning shares in specific companies if you are gonna hold for x years till you retire. Don't get into ETF's without knowing your timeline and give up point. There's maintenance involved is all I'm saying. Im saying don't use them long term, it's one of many tools available.

[FarmJunkie]

Macdon u still thinking grains are an up up and away?

[farming101]

Closed at 94.82 yesterday. Up 1 percent or so today

[AlbertaFarmer5]

2 thoughts.
One, this could be a way to hedge against inputs if you haven't bought yet, or can't get supply right now. Or are looking at the following year or more already.

Two, ETF's are terrible for buy and hold, even when the trend is going the right direction, their value can and does erode relative to the underlying. Speaking from personal experience too. So still probably better off buying the underlying stocks directly.

[TOM4CWB]

2 thoughts.
One, this could be a way to hedge against inputs if you haven't bought yet, or can't get supply right now. Or are looking at the following year or more already.

Two, ETF's are terrible for buy and hold, even when the trend is going the right direction, their value can and does erode relative to the underlying. Speaking from personal experience too. So still probably better off buying the underlying stocks directly.

Harvest low in for US corn and soy?

Grains are strong today! Volitility like never before?

Cheers

[AlbertaFarmer5]

Harvest low in for US corn and soy?

Grains are strong today! Volitility like never before?

Cheers

Certainly looks that way.
How often in history has the high been put in during harvest, almost never from what I remember.

[6V53]

Certainly looks that way.
How often in history has the high been put in during harvest, almost never from what I remember.

Hail buggered up part of a field, hauled in off the combine for $9.00 sold the rest next summer for $7.00.

[AlbertaFarmer5]

Hail buggered up part of a field, hauled in off the combine for $9.00 sold the rest next summer for $7.00.

What year was that, and what opportunities were available between the $9 and the $7?

[6V53]

What year was that, and what opportunities were available between the $9 and the $7?

About 1997-1998 I think.

[TOM4CWB]

About 1997-1998 I think.

Interesting that in drought yr of 2002, i am told Canola high for the year was in October...

Anyone have yearly charts that go back that far [30-40yrs]?

The Pandemic screws up the fundamentals... China now biggest Phos fert producer... are their export restrictions a 'head fake' move? Much different 20 year have gone by... world trade patterns changed...

2012 consensus was 'new age' in AG... that was a bust by 2016...

History does repeat itself!!!

Cheers

[farming101]

As we pulled the last swaths out of the snow in November 02, I thought this has no where to go but up.....