Originally Posted by lewdog:
But the argument could be made that many people are just buying essentials. Will all these unemployed people be actually dumping loads on money into significant home improvement projects right now? That doesn't seem to make sense.
Out here in Methican America, a lot of people are making more money now than they would be if they were working their regular 32 hour/week job. Parent money, kid money, unemployment bonus, and now they think even more is coming. They're spending it, no doubt about it.
It'll be a different tune when their old job never calls them back in. [Reply]
Originally Posted by Buehler445:
Yeah, it's a fucking disaster.
If my local ethanol plant shuts down, I'm absolutely fucked. I have no idea how I'll source enough affordable protein to cover the loss of byproduct. [Reply]
Originally Posted by ghak99:
Out here in Methican America, a lot of people are making more money now than they would be if they were working their regular 32 hour/week job. Parent money, kid money, unemployment bonus, and now they think even more is coming. They're spending it, no doubt about it.
It'll be a different tune when their old job never calls them back in.
Originally Posted by ghak99:
If my local ethanol plant shuts down, I'm absolutely fucked. I have no idea how I'll source enough affordable protein to cover the loss of byproduct.
Originally Posted by Buehler445:
I presume no bean crush plants around?
There's one that's not too far away, but it's twice the haul, 1/3 more expensive, and would require adding water back into the ration. The ethanol plants have just spoiled us and it would be a terrible time to try to pencil in the extra input costs.
Gas is below $1 in several places here, so who knows how long the local plant will hold out. If it gets real ugly, I guess I could try roasting some of our own beans. Never even seen it done though, so I'm sure it'd be a disaster. [Reply]
I would be really surprised to not see some of the powerful companies with cash hoards start buying up some of the ones getting clobbered in this market.
Warren Buffet must be salivating right now. [Reply]
Originally Posted by RunKC:
“ One year ago today, oil was trading near $70 / barrel. Today it's been as low as $.06. Yes, 6 cents for a barrel of oil.”
Originally Posted by Hog's Gone Fishin:
Drugmaker Moderna has shipped its first batch of a possible coronavirus vaccine for humans to government researchers for testing.
Shares of the biotech company soared early Tuesday, a day after the company said it sent vials to the National Institute of Allergy and Infectious Diseases for early-stage testing in the United States.
More than 80,000 people have been infected globally from the viral outbreak that began late last year in China. A total of 35 cases have been reported in the United States.
More than 2,600 people have died from the virus in mainland China, including one U.S. citizen.
Shares of Cambridge, Massachusetts-based Moderna Inc. jumped nearly 16%, or $2.92, to $21.51 in premarket trading.
The stock started trading in late 2018 and set an all-time high price of $29.79 last April, according to FactSet.
I'm up 117 percent on MRNA since this post convinced me to buy some. I owe Hog a beer again.
I sure wish I hadn't panicked and sold 90 percent of it a week after I bought it. [Reply]
So the front month of Crude closed at -37.63/brl. Yes. That is NEGATIVE. To my knowledge commodities haven’t went negative.
My buddy is the CEO at the coop and his broker is pretty connected. (I’m assuming it came from his broker) said that it was an ETF that held all the contracts that got slaughtered. I’m sure now is normally a perfectly acceptable time to get out of the front month unless it’s May 2020 contract.
Just one of many reasons not to I Evers anything in ETF of commodity markets. [Reply]
