Agriculture Break Out Relative to Energy, Commodity Index

Friday, August 24, 2007 | 11:30 AM

Mike Panzner points out that as Oil prices have dropped, Agriculture Commodities are breaking out (especially relative to Energy and/or Commodity Index).

"Many of those who take an interest in global commodity markets have commented on  the relative attractiveness of the agriculture sector, especially in light of the demand created by rising per capita incomes in nations such as China and India.

With the technical pattern suggesting that the sector is breaking out (and hitting new 5-month highs) versus oil and an index of various commodities, now may be the time to jump in."

To make the two comparisons on the accompanying chart (below), Mike used the PowerShares DB Agriculture Fund (DBA) / DB Commodity Index Tracking Fund (DBC) PowerShares DB Agriculture Fund (DBA) / DB Energy Fund (DBE).

Agriculturebreakout

Friday, August 24, 2007 | 11:30 AM | Permalink | Comments (31) | TrackBack (0)
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Comments

Guess I need to plant beans in my haymeadow next year. I can see beans in the teens. Cotton is the laggard along with sugar. Got a better idea. We need to hijack an ethanol tanker. Anyone know how to re nature de natured moonshine aka ethanol? Lets see now, 50'000 gallons of white lightnin at $3 a quart yields how much gross profit?
Just musing, y'all.

Posted by: Ross | Aug 24, 2007 11:46:51 AM

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