Morning Audibles 1.5.10

With the 2010-2011 NCAA Crony Capitalism Bowl Season winding down, & with the completion of the Orange & Sugar Bowls these past two nights, and some of you wondering "how the heck did Ohio State beat Arkansas last night" (even though CV told you not to take the hogs in that spot - but instead, to hold your nose & take the Buckeyes, because it's "rigged")...

Well.. On the subject of these commodity bowls, I thought I'd look at the move in commodities over the past months to see if something "natural" is occurring there as well... I don't feel like putting up a bunch of charts, so if you want to follow this storyline, the best thing you can do is open up two browsers and put them side by side... The link for the "other" browser would be:

http://finviz.com/futures.ashx

That way, you could MOUSE OVER the commodity in question, and a chart would pop up... On first blush, they only go back 3 months (but a click would take you back over 12 months)... Note: I'm not making any predictions as to future moves here... Just possibile explanations, in multiple choice format:

CATTLE/FEEDER CATTLE

a) Corn Prices are high
b) Less herds to be culled
c) JBTFD with worthless Bernanke Bucks

CORN

a) Government paid for ethanol, then dumped it down the drain
b) Blankfein now owns all the adj. acres & is sitting on them - soon, all farmers will be indentured servants
c) JBTFD with worthless Bernanke Bucks

SOYBEAN OIL

a) It was a "corn" rotation year
b) No wait, no it wasn't
c) Now that we've confused them with the Farmers Almanac... JBTFD with worthless Bernanke Bucks

SOYBEAN MEAL

a) The crusher threw a cam, and the whole harvest fermeted
b) Temporary shortage of "humans" to grind into Soyulent Green
c) JBTFD with worthless Bernanke Bucks

OATS

a) Do you, or I, or anyone know, how oats & beans & barley grow?
b) Didn't think so... So if you answed "No" to (a)... It's likely we're in a supply/demand crisis
c) JBTFD with worthless Bernanke Bucks

ROUGH RICE

a) Unexpected craze of Rocky Horror Picture Show fanatics
b) Sudden taste for Biryani dishes worldwide
c) JBTFD with worthless Bernanke Bucks (before it ramps)

WHEAT

a) Drought Conditions
b) Flood Conditions
c) We're outta meteorological excuses, so JBTFD with worthless Bernanke Bucks

PORK BELLIES

a) You "knew it"
b) Billy Ray Valentine (Capricorn), top ticked it
c) JBTFD with worthless Bernanke Bucks (but liquidate your profits to buy your girlfriens some jewelry)

COCOA

a) These cards are "marked"
b) They're a mess, a "chocolate mess"
c) the Bernank says: "Easy boys... the dirty dealer meant no harm"

COTTON

a) Everyone wishes they were in the land of cotton
b) Good times there are not forgotten
c) Book away... Book away... Book away... (your worthless Bernanke bucks)

ORANGE JUICE

a) Clarence Beeks is on your payroll
b) Anita Bryant is getting the band back together
c) JBTFD with worthless Bernanke Bucks

COFFEE

a) "Jim" (from movie Airplane), started drinking a 2nd cup at home (which he "never" used to do)
b) More coke shipments to Wall St. bankers require more coffee packing to throw sniffer dogs off trail
c) JBTFD with worthless Bernanke Bucks

LUMBER

a) ben22 put in a new deck last year
b) Fantasy Log Rolling will replace NFL when the players strike next year
c) JBTFD with worthless Bernanke Bucks

SUGAR

a) Terelle Pryor and a few other Ohio State players will sell you their Sugar Bowl rings for a tattoo
b) Central Bankers have decided to move from "crack" to LSD (acid)
c) JBTFD with worthless Bernanke Bucks

In other news... The NCAA (in cooperation with the Federal Reserve) has announced a new addition to next years BCS Bowl lineup...

THE CATFOOD BOWL

The teams which lavish the Bowl sponsors with the richest compensation packages will be rewarded the honor of playing for this coveted title... The "honorary" first game will be PRINCETON UNIVERSITY (aka "P"ee "U" - rumored to be contemplating a mascot change to the Fighting Skunks) vs. HARVARD CRIMSON (which won't require a nickname change because shades of "red" suit them just fine)...