News: CPO futures plunge to five-year low

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3 comment(s). Last comment by calvintaneng 2014-08-16 23:46

haikeyila

1,068 posts

Posted by haikeyila > 2014-08-16 23:15 | Report Abuse

remember dorab mistry and those 'experts' insisting that prices will go up? and people still listen to them..

speakup

26,807 posts

Posted by speakup > 2014-08-16 23:23 | Report Abuse

first thing when i read it is FEAR. when there is fear..... TIME TO BUY PLANTATIONS! NOW!

calvintaneng

56,242 posts

Posted by calvintaneng > 2014-08-16 23:46 | Report Abuse

Speakup,

I think you better stick to MFCB instead of Plantation. Why?

In North Dakota there is Now An Oil Boom Due to fracking - a new method of Oil Extraction. As a result there is surplus oil in the US. The US is now turning into an Oil Exporting Nation.

Oil Prices in World Market is dropping for 2 reasons. No 1.) US Oil Surplus. No. 2)On Going Great Recession. The Problem from Lehman Brothers' debacle has not been solved. It has only been postponed by money printing. The day of reckoning will still come.

Crude Oil Prices & Oil Seed Prices are inter related. If Crude Oil Prices crash - Soy bean Oil & Palm Oil Will Be Dragged Down As Well. Palm oil, corn oil are used as biodiesel in certain countries.

So better stay away from plantations.

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