As per the prior post, exited all long agricultural stock positions as follows: POT $145.61 ADM $30.62 BG $55.50 MON $59.90 SYT $48.40 CF $92.20 AGU $70.20 www.thearorareport.com THE ARORA REPORT, Ltd. HOME OF THE UNIQUE ZYX CHANGE METHOD DEDICATED SOLELY TO PROFIT FROM CHANGE BY TRADING AND INVESTING VERIFIABLE
We got a gift this morning when BHP Billiton, Ltd., (BHP) made a buy out offer for Potash Corp. of Saskatchewan, Inc. (POT). We are long on Archer Daniels Midland Company (ADM) and Bunge Ltd. (BG), seed companies such as Monsanto Co. (MON) and Syngenta AG (SYT), and fertilizer companies
Heat waves are common in the fertile wheat belt stretching from Siberia to the Black Sea. As such the wheat market pays attention to the droughts in Russian wheat belt. Droughts develop slowly, and in general, markets tend to discount them rationally. News last week of a heat wave