Production will increase 17 percent from a year earlier to 1.78 billion bushels, the most since 1998, the U.S. Department of Agriculture forecasts. About 4 percent more acres were seeded from September to November, the agency said. Wheat prices have tumbled 45 percent from a record $13.495 a bushel on Feb. 27.

“High prices beget low prices,” said Dan Kuechenmeister, a manager of the commodities department at RBC Dain Rauscher in Minneapolis. “We’ve seen a lot of wheat planted, and we’re finally going to get a decent harvest.”

Prices will rise again, so now is a great time to invest in a livestock ETF, says Ian Davis in The Growth Stock Wire: “Hog farmers are not running charities. When the input costs for hog producers soar, the price of hogs must also rise. By buying hogs, we are piggybacking (excuse the pun) on the uptrend in agriculture and crude oil.

“So when the uptrend finally begins, how should we play it?”

Read on how to profit when this upswing kicks in with this livestock ETF.

“When the gold price rises, jewelry gets more expensive,” says Tom Dyson in DailyWealth. It’s the same way with farm animals. When the corn price rises, livestock must get more expensive. Corn has doubled in the past 18 months, but livestock prices are still in the same range they were six years ago. They will catch up with corn.”

Tom also recommends that his readers invest in a livestock ETF.

“Two trade in London under the symbols CATL.L and HOGS.L,” says Tom. “They track the Dow Jones AIG sub-indexes for live cattle and hogs.”

Investing in the Indian stock markets – while on holiday.

But while the brain is lulled by vacations and the body needs to be repaired, life goes on around us. A new war is born in one corner of the world, a new natural disaster needs to be dealt with in another part of the world. Life moves on around us and markets jump around in random motion.

One day there is news that the world is running out of oil, another day we hear about the political instability in countries where much of the oil is produced. So oil spikes above USD 125.

Then we get news that the world is running out of rice, so rice jumps 50% in a few weeks.

We may be running out of oil, I guess, you cannot “grow” oil. But running out of rice? Well, farmers will grow more over time. And maybe prices will collapse in a few months. Like the price of wheat. There was a drought in Australia last year, the price wheat surged, the next crop is now being harvested and wheat is down some 40% from its peak in December 2007. It is still a 100% more than where it was in May 2007.

And May 2007 was vacation time. Just like May 2008 is vacation time. And the world has changed between these 2 vacation periods. And where will the world be by the time of the next vacation? We don’t know.

But we know that husbands will still love their wives and the wives will still love their husbands – for the most part, that is. And parents will always love their children and always wish them to have the love and care that they need. And we know that the “24×7″ media will still try to predict every sway of the market; every little jiggle that the market makes will be amplified.

So here we are, then, planning the vacation. And thinking about our investments. We have worked hard to earn a fair living and need to make sure that we don’t let our investments drift into oblivion.

No Wall Street firm is knocking on my door to pay me a USD 10 million sign-on bonus to blow them up again. No press pundits are boosting my ego and the perceived market value of my skill sets. So we need to plan our investments.

Investing in Indian stock markets – the Quantum funds.

Over the last year, an investment in the Quantum Long Term Equity Fund would have given an investor a return of +15%. Gold was up +32% over that same time period. (For those looking for a comparison, the BSE 30 Index gained +20% over the same time period – but the Reliance group companies accounted for nearly 50% of that increase; the Quantum Long Term Equity Fund does not own Reliance shares.)

The body and the mind may be in a “holiday mood” – well deserved, I am sure. But it is a good time to make decisions. And review the ones made last year.

We have not changed our view of the world: there is still a lot of irrational behaviour and the worst is not behind us in a global sense. But we believe we can identify a few investments that will make us a decent return on our investments.

Meanwhile, there is one “guarantee” that I can give you by the time your May 2009 vacation comes along. Nope, I cannot promise you that the NAV of the Quantum Long Term Equity Fund will do well. Nor can I promise you that gold will cross USD 2,000. But I can tell you this: India will have a new government by May 2009. It may be this government or a “new” government, but the election will be over.

And the rains will bring much relief from the heat and the dust.

Source: No Vacation from Decisions

This from The World Tribune:

Scientists and international organizations focused on controlling wheat stem rust have said 90 percent of world wheat lines are susceptible to Ug99. The situation is particularly critical in light of the existing worldwide wheat shortage.

The fungus causes dark orange pustules on stems and leaves of infected plants. The pustules can completely girdle stems, damaging their conducting tissue and preventing grain fill. Yield losses may reach 70 percent, while some fields are totally destroyed. If stem rust arrives early in the growing cycle, losses are higher. Spores released by the fungal pustules are spread by the wind and may travel great distances in storms.

“The soaring price of agricultural commodities like wheat, corn and soybeans is one of the biggest news stories on the planet right now,” says Kevin Kerr in The Daily Reckoning.

“The hope that the commodity bubble will burst is also a fantasy. The fact of the matter is that we are in a new paradigm for commodities and the old-school thinking about how commodities used to be traded has to be changed. And this is true of most commodities – none more so than the agricultural ones. Sure, speculation is a part of this puzzle, but to say it’s all speculators and hedge funds that are causing the run-up is a sad mistake.”

Bill Bonner theory is that “the feds’ inflation will goose up prices of commodities, gold, consumer prices and oil – but not the real economy.

“So far, that seems to be what is happening. The CRB commodities index is up 24% since last September. Oil has gone up 25% this year. Natural gas has risen 49%. Gold, meanwhile, has only gone up 4.8% in 2008…but this is after a correction; remember it was over $1,000 just a few weeks ago.”