Loading ...I’ve been trading commodities since the 1980’s, and have been in a few bloodbaths. The one I couldn’t overcome was the grain market crash and Penn Square Bank bust at the same time. The recession in Oklahoma was deep and long. It took me 7 years to get back on my feet.
The economy in Oklahoma is overheated again and primed for another oil field bust. The inverted yield curve has me more than a little worried.
I’m currently long sugar, and JNUG and SQQQ etf’s. The grain report is tomorrow and should be bullish corn. I will take a shot at it if I can get in at low risk.
I should be processing cannabis soon. Maybe I can make a few bucks before the feds move it to schedule 3 or totally unregulated.
rno