Jack Farley 2.9 4 ideas

"China has committed to purchasing at least 25 million metric tons of US soybeans annually through 2028... At the same time, the EPA has proposed increasing biomass-based diesel mandates by as much as 67% for 2026, and soybean oil is the leading domestic feed stock." Soybeans are benefiting from a dual-demand shock: guaranteed international trade flows (China) and domestic regulatory tailwinds (EPA renewable diesel mandates). This structural demand will outpace supply, driving up the underlying commodity price. LONG. The Teucrium Soybean Fund provides direct exposure to a commodity with legally and geopolitically mandated demand growth. Changes in EPA regulations, breakdown of the US-China bilateral trade framework, or adverse weather patterns affecting crop yields.

Jack Farley notes that SaaS (Software as a Service) stocks are declining because investors fear AI can "create this software... for a tiny fraction" of the cost. Howitt agrees, citing Kodak's bankruptcy due to digital photography as the historical precedent for this type of "Creative Destruction." If code becomes a commodity produced by Generative AI, the "moat" of traditional SaaS companies (proprietary codebases and high switching costs) erodes. They risk becoming the "hand-loom weavers" or "Kodak" of the AI era—displaced by a cheaper, faster method of production. Avoid legacy SaaS models that rely on seat-based pricing for code that AI can replicate cheaply. AI may serve as a co-pilot that increases SaaS margins rather than replacing them entirely.