Farmers in Great Position With Commodity Prices, Says RJO's Streible

Phil Streible from Rjo Futures discusses the current state of oil and agricultural markets, highlighting the rise in oil prices and the impact on related companies. He notes the strong performance of agricultural commodities like corn, soybeans, and wheat, driven by China's increased imports and the need to feed hogs after the swine flu outbreak. Streible explains the supply and demand dynamics affecting these markets, including adverse weather and record shorts. He predicts significant market movements, especially if US-China trade headlines emerge, and suggests that investors consider undervalued commodities like gold and soybeans as equities reach record highs.

What are the implications of record shorts in the agricultural market?

What seasonal trends are expected for crude oil and other commodities in early January?