An email I received recently:
Dear Mr Covel, Research with over 100 leading investors, producers and buyers revealed the following key strategic questions regarding agricultural investment: Will corn prices be driven by supply and demand and no longer by the economic crisis? How will 2009 look like on fundamentals? How will oil prices affect demand for grain? What’s the best way of getting exposure to agriculture? The World Agri invest Congress brings you the biggest names in agricultural, answering these questions and more about the future for agricultural investment.
I don’t believe any of these people (whoever they are exactly) can answer the questions posed. Same issue as October 2007: what were all the ‘stock pickers’ and economists saying back then? I don’t think many of them were saying that a crash was on the way in October 2008 and to take specific action. Bottom line these types of questions CAN’T be answered in a way that allows the right money-making buy and sell decisions to be executed.
