Quote:
Originally Posted by Rain Man
Is that Bunge? BG?
I've had some BG for years. It mostly just sat there and I kept pulling my finger off the trigger to sell it only because I figured it was better than just converting it to cash. Then for some reason this year it took off.
It's up 20 percent over the past five years and up 68 percent over the last one. I'm glad this last year happened.
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Yeah, sorry. Bunge not Bungee.
Rally in the commodities gave them some more flexibility in retailing grain. I waited until now, because the usage from the higher prices should be hitting the books in earnest this quarter. (Bought the grain from my dumbass - well others like me - for cheap and are selling it for much higher)
I was more excited about ADM because I think ethanol is (finally) picking back up and they own a shitload of ethanol plants.
EDIT: Maybe I should be more excited about Bunge. They run a lot of beans and there wasn't any canola in the northland so the crush plants are paying up.