China has to import 4 times the amount of corn it can grow itself just for hog feed. Unless the demand for pork has declined I don’t see how they will cut corn imports by a whopping 60%?
Stay long my friends..
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4 thoughts on “I Doubt This Very Much”
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Unless China is going Kosher …lol…
You have to love strong trends with the background of many media members and public arguing “it is not sustainable.”
What’s sustainable is how lazy most readers are.
Michael,
Interesting comments on the corn and pork. Here’s another twist I’m getting ready to play:
The hog/corn ratio has collapsed and taken out the ’08 historic low. I am waiting patiently for my entry signal to buy the hog/corn spread. If corn doesn’t break off…then the hogs should take off! Either way, it simply a bet that the relationship between hogs and corn cannot stay this low for the next several months. Any thoughts on this idea?
I don’t know enough about what you’re doing to say anything intelligent the trade.