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04-20-2020, 09:34 AM | #4591 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 57,720
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04-20-2020, 11:44 AM | #4592 |
I am Number Six
Join Date: Aug 2000
Location: Columbia, MD, USA
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Holy carp. Crude oil = $1.55 a BARRELL (wsj.com/1:30pm)
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Posts: 6,653
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04-20-2020, 11:51 AM | #4593 |
MVP
Join Date: Jan 2007
Location: Missouri
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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. |
Posts: 8,643
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04-20-2020, 12:10 PM | #4594 |
TACO SALAD
Join Date: Apr 2008
Location: yes
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Posts: 6,301
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04-20-2020, 12:22 PM | #4595 |
Andy Reid Supporter
Join Date: Apr 2012
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“ 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.”
Wow |
Posts: 47,828
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04-20-2020, 01:56 PM | #4596 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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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. |
Posts: 52,207
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04-20-2020, 02:04 PM | #4597 | |
Sexiest Athlete
Join Date: Apr 2001
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Quote:
https://finance.yahoo.com/quote/CL=F?p=CL=F |
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Posts: 12,681
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04-20-2020, 02:38 PM | #4598 | |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Quote:
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. |
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Posts: 142,712
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04-20-2020, 02:45 PM | #4599 |
2 Legit 2 Colquitt
Join Date: Sep 2010
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Jesus, I just logged into my Robinhood account and I'm up 50% the past two weeks. MRNA and CODX.
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Posts: 4,752
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04-20-2020, 07:01 PM | #4600 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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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. |
Posts: 57,720
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04-20-2020, 07:02 PM | #4601 | |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Quote:
If I drive 55 miles per hour and get 5 miles to the gallon, then every hour on the road will consume 11 gallons of oil and give me $410 in income. I'll drive 40 hours a week and gross $16,000. |
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Posts: 142,712
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04-20-2020, 07:09 PM | #4602 | ||
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
RE: margins. I feel you. Mine are ass but nothing like bloodbath you cow guys are taking. Dads got a field next to this little feedyard this guy runs. 1000 head or something. Anyway I roll in there with my sprayer and see this cow by the chute. So I call him and make sure he knows and I’m not going to spook her to hell and gone. He answers and I ask how he’s doing. His response is: “well, the markets are closed.” Quote:
Last edited by Buehler445; 04-20-2020 at 07:15 PM.. |
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Posts: 57,720
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04-20-2020, 07:11 PM | #4603 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Posts: 142,712
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04-20-2020, 07:18 PM | #4604 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 57,720
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04-20-2020, 09:17 PM | #4605 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,082
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