iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
21,907 Blog Posts

Corn is Fucking Nuts

And, I’m sure, the farmers who grow this shit are batshit “clown crazy” too. Who did I think I was, declaring a “top” in corn a few weeks ago? Should I ever try that again, feel free to internet smack me. That was plain ol’ “southern dumb” of me. So sorry.

The other side of this corn coin is very ominous. With prices gapping like this, people can’t buy food and shit. Also, it means the ethanol producers, like [[VSE]], [[AVR]] and [[PEIX]], are screwed. And, restaurant stocks are gayer than a 3 legged sculpture of Michael Jackson.

Within the eateries, short [[CMG]] and [[BWLD]] come to mind. Remember, the price of fresh chicken wings directly correlates to the price of corn, since those little critters eat corn feed.

Feel free to add your doomed restaurant stocks in the comments section, or not. Either decision you might make is perfectly acceptable with me.

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40 comments

  1. gappingandyapping
    gappingandyapping

    I was warned oh this from a local gay farmer. He said their crop was late this year, whatever the fuck that means. Anyway soon this corn shit will break. I will have you know when I was a young lad I sold corn out of the back of a truck. If I would have asked over 3.50 a bushel for for sweet corn I would have met the fate of many a killers. Truly egregious.

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  2. Woodshedder

    “Southern dumb?”

    WTF?

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  3. Can Man

    i cant afford my can of creamed corn to fuck, so i am taking my wife out to dinner instead. wish me luck.

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  4. Crude Broker

    Fly what do you think about the Chrysler Building deal with the fucking Arabs. Crock of shit if you ask me. When oil goes to $1,000 a barrel, they will buy New York City, watch yourself. Always remember, it is inevitable that oil will run out and the sun will turn into a red giant and swallow the earth.

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  5. Steve

    Fresh corn on the grill is sooo good.

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  6. The price of corn is egregious but the third tier bloggers here are ignominious.

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  7. The Fly

    No third tier bloggers here, fuckface. Only tier one.

    Wood:

    It’s a Northern expression. Quite popular.

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  8. TraderCaddy

    The flooding in the Midwest will mean higher prices plus more fertilizer, farm equip., etc.
    I found corn at the Farmers Market near my home last weekend where corn was .10 an ear. I bought 50,000 ears and am making my own ethanol in the backyard. I mix it with the gas at my local station and I come out way ahead in price.

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  9. Faltu

    Corn planting in the midwest has been pushed back because of the persistent cold wet spring weather. This has caused increased uncertainty about planted acreage and, consequently, increased upward pressure on price. Nevertheless, price per bushel is expected to go down to $5, at least that’s what the futures traders say.

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  10. Hattery

    Famous Daves gives you corn when you order chicken wing, salmon, or whatever etc.. ticker symbol DAVE

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  11. Can Man

    spidey senses tingling. down 200 again?

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  12. Hammer

    Just great. My plan to open “The Corn Shack” restaurant, serving all manner of corn products, is fucked.

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  13. Mr. Obvious

    The corn planting window is only open for another 10 days.

    Could be a bad year for corn.

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  14. Moody's

    It’s just not as sexy spending our economic stimulus checks on corn and gas. I hereby downgrade ipods and uggs.

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  15. Cardiff_Giant

    I believe some restaurants, Darden comes to mind, hedge against input food prices so maybe as a pair trade you could go long these guys and short someone else who does not hedge?

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  16. Big Mike

    I have called some fraternity brothers at IU, they said some people had to be evacuated from their homes…pretty hardcore-flooding there…bad for crops.

    Im short the fucking QQQ’s; now that we can all agree that the growth crap in the second half is over, (recession or inflation), I could see sell offs in the NAS (the growth play).

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  17. Jakegint

    Definition of “Southern Dumb:”

    ____________________________________________

    Woodshedder Says:

    “Southern dumb?”

    WTF?

    June 11th, 2008 at 9:12 am +0

    _____________________________________________

    Woody, for craps sake, try not to always be the straight man.

    There are actually dumb people up North, too. Many of them are in New York — I can vouch.

    _

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  18. CubsRock

    IYT looks broken.

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  19. ZenProfit

    FXP:

    To The Moon!!!!!

    Mr. Fly is Greatness Personified.

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  20. Donny

    We’re all about to find out real fuckin’ quick, there ain’t gonna be any place to put your money outside of the mattress or short positions. That includes everything, including The Fly’s beloved Black Gold!

    We’re fucked like never before! Something none of us have ever seen.

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  21. Big Mike

    Does anybody have any recommedations for a software to monitor stock tickers? I use TD Ameritrade Strategy Desk, but it keeps messing up every now and then.

    Don’t need anything fancy, as most of my formulas are done on excel. Just something faster…

    Thx

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  22. JEFF

    SKF TO 150 AND OUT

    GOOD LUCK GUYS – HOLD ON TO YOUR MUSTACHES

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  23. Jakegint

    Big Mike —

    You’re a Bloomington boy? When did you get out?

    Pre- or post- Knight?

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  24. CubsRock

    Keep an eye on GOOG, sitting on 50 day.

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  25. Jakegint

    FXP has a hard date with Mrs. Fibonacci at $83.35 o’clock.

    Purple drank the cocktail of choice.

    _______

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  26. Jakegint

    Much like purple drank, REXX n’ Efexx is a “new high.”

    A rare “thanks” to the screaming, prison-pussied bald teevee moron.

    _____

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  27. Steve

    I’m an IU alum as well. A buddy sent pics from B-Town this morning and Kirkwood looks to be under two feet of water!

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  28. Big Mike

    Jake,

    Post…unfortunately; I just went there to get my bachelor’s in Finance + Econ.
    Had the greatest time of my life and some of the best stories to share among new friends.

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  29. larry

    Alias: BPOE

    The PPT just got turned down from the discount window. If you need a job. They are looking for Bush body doubles.
    The pay is 100000 a year and 6 free houses.

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  30. eric jay

    Uhh i think BWLD said higher corn prices are bringing down the cost of chicken because they are killing the chickens faster instead of feeding them expensive corn.
    That helped beat the number anyways.
    This will eventually catch up with them but i think thats why bwld is up and a poor short for a quick trade.

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  31. Dogwood

    Big Mike,

    I use QuoteTracker for real time quotes and charts. Great set of indicators, alerts, alarms, etc., and it is free.

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  32. Jakegint

    Just great. My plan to open “The Corn Shack” restaurant, serving all manner of corn products, is fucked.

    Hammer with the “rookie of the day” award, thus far.

    ___

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  33. Jakegint

    Damn, bunch freakin’ Hoosier fans on board. Watch yer wimmens.

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  34. ZenProfit

    Jake:

    FXP spits on Mrs. Fib.
    When it sees 84.91 in the rear-view mirror, next stop 95.82.

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  35. Gregory

    Big Mike …. I know what you mean about Strategy Desk. I ditched that software about 6-9 months ago.

    I now use Advanced Analyzer for screening and Quote Tracker for charts and watch lists.

    Try Quote Tracker … it is free for use with TD, as they bought the software recently.

    http://quotetracker.com/

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  36. Ugly Plastic Shoes
    Ugly Plastic Shoes

    Buy me, now.

    Low risk right here under $9.

    Look for earnings surprise to the upside. We cleared the decks.

    Its a Costanza world, fuckfaces.

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  37. The Fox

    Fly,

    I thought BWLD had “locked in” pricing on their wings for the next couple of quarters. I could have sworn I read this in a recent article. Then again, I have a memory like Roger Clemens so what do I know.

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  38. Jakegint

    Gotta admit I’m on a Stephen Foster kick, what with the Derby just a month or so back (where “My Old Kentucky Home” brings even Arab sheiks to tears on cue at post time), and “Hard Times Come Again No More,” being appropos for the current economy, etc.

    And while you probably know “Oh Susannah!,” “Camptown Races,” and “Way Down Upon the Swanee River (Old Folks at Home),” you probably are not familiar with some of his more obscure pieces. One of them, “Uncle Ned,” is hilarious, but literally unprintable it’s so politically incorrect. I urge you to google it, however.

    Another is obscure, but I believe may be the perfect iBC Theme Song;

    If You’ve Only Got a Moustache

    Oh! all of you poor single men,
    Don’t ever give up in despair,
    For there’s always a chance while there’s life
    To capture the hearts of the fair,
    No matter what may be your age,
    You always may cut a fine dash,
    You will suit all the girls to a hair
    If you’ve only got a moustache,
    A moustache, a moustache,
    If you’ve only got a moustache.

    No matter for manners or style,
    No matter for birth or for fame,
    All these used to have something to do
    With young ladies changing their name,
    There’s no reason now to despond,
    Or go and do any thing rash,
    For you’ll do though you can’t raise a cent,
    If you’ll only raise a moustache!
    A moustache, a moustache,
    If you’ll only raise a moustache.

    You head may be thick as a block,
    And empty as any foot-ball,
    Oh! your eyes may be green as the grass
    You heart just as hard as a wall.
    Yet take the advice that I give,
    You’ll soon gain affection and cash,
    And will be all the rage with the girls,
    If you’ll only get a moustache,
    A moustache, a moustache,
    If you’ll only get a moustache.

    I once was in sorrow and tears
    Because I was jilted you know,
    So right down to the river I ran
    To quickly dispose of my woe,
    A good friend he gave me advice
    And timely prevented the splash,
    Now at home I’ve a wife and ten heirs,
    And all through a handsome moustache,
    A moustache, a moustache,
    And all through a handsome moustache.

    Rousing, no?
    ________

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  39. alphadawgg

    Shit, Jake is in music mode today. Watch your flutes (no offense to flute players).

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  40. Miek

    I got a question, I do not follow the ceral stocks, but if corn is a main stay in their costs why are the not felling the pinch in the stock prices, ? K and GIS? THANK YOU!

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