I'm not one for 'stories' etc and tend to just let the chart tell the story but I was watching the news the other night and they showed shipping down the Mississippi has almost come to a halt. The drought has been so severe that they are close to being unable to ship anymore. This would be catastrophic to grain supplies and many other major critically important markets. And it would be impossible to switch to truck or train as a replacement delivery system. Not sure if the Missouri river can increase water supply or not. I'm sure if they could they would have by now and not this problem come to the brink. (Then again the politicians are not that timely) But the charts will tell the tale before the 'story' becomes reality. And so far there has been no turn around with the grains etc. The big players know what the odds are of these events occurring are and will turn the markets with their large market moving participation. Can't camoflage the charts. Jeez, now I'm talking fundamentals.........scary...........
Whilst I'm looking at it here is the Grain ETF:JJG. It's components are futures contracts of each. Nice for those that want to trade the 3 together. And it can be traded in any type of stock account in any quantity.