Global Carnage In Pictures
I talked about the Sea of Red except for gold an government bonds earlier today in Treasuries and Gold Rise as Global Credit Freeze Prompts More ... Grain Futures Softs Futures Metals Futures Meat And Dairy Futures Currency Futures ... click on chart for sharper image Future Tables are Courtesy of Barchart Commodities. Government [more...]
Date: 2008-10-06 19:41:01
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If It’s So Great . . .
Those who have read SWP regularly will have deduced that I have a historical bent. Although historians and economists (and other social scientists) ... originated in the passage of the Grain Futures Act of 1922. This Act gave the Secretary of Agriculture considerable power over grain exchanges [more...]
Date: 2008-11-22 21:58:54
Earnings (Disappointment) and Lay-Off Season
The Dow is down another 50 points at this writing, and both Eurozone and Asian stock markets are down almost across the board. (So are my beloved grain futures.)David Calloway wrote this prescient editorial on Marketwatch ... out earnings growth and demand for commodities. U.S. index futures declined.Here is the entire [more...]
Date: 2009-01-08 11:11:00
Potash Pricing Quietly Holding Up, But Commentary Has Vanished (POT)
Potash Corp. of Saskatchewan (POT) has seen a lot of its commentary drop along with its stock price ... Index. Grain futures have also fallen dramatically from their summer peaks, with corn, wheat, and soybeans all down 40% or more. But recent weeks have seen short month futures stabilize (especially [more...]
Date: 2008-11-25 20:59:11
They Just Fade Away
No, not Old Soldiers, but those who soldier in the pits–the futures trading pits. In a couple of weeks, the Minneapolis Grain Exchange will close its floor. Less than 15 years ago, electronic trading had made its first inroads into the futures business, but the conventional [more...]
Date: 2008-12-06 16:37:12
November 2008 Philippine Gas Prices
I was mistaken to believe last month that the downward momentum in Philippine gas prices has slowed down as ... and cocoa futures prices. “Sugar, cocoa and coffee have outperformed energies, metals and even grains ... In recent weeks, all three commodities have shown resilience after a period of falling prices. [more...]
Date: 2008-11-30 04:01:37
Weekly Futures Positions Review - November 30, 2008
Top posts from the past week: Are Any Grains Worth Buying At These Prices? ... are the most attractive investment opportunity I see today. They are actually trading below the prices they were at when the entire bull market in commodities began. Other existing positions I've got [more...]
Date: 2008-11-30 21:31:00
Possible Futures
First off, consider this post an exercise in futurism. In that, I don’t think any of this would ever really happen ... not. So grain of salt taken, etc. prescribed, etc. But of course, this whole “death of print” thing [more...]
Date: 2008-12-15 15:29:14
12/31/2008 Farm Bureau Market Report
Click here to view this report online. Grain & Soybean Date: December 31, 2008 Soybeans Local Elevators: (Dec) EAST AR: 935 to 972 (NC) Summ ... Futures:Jan 09up26 1/2at 972 1/4 Mar 09 up 27 at 980 May 09up26 3/4 at 991 1/2 July 09up26 1/2 at 1002 3/4 ... rode a late rally in oil futures to a positive year end close. Weather concerns in South [more...]
Date: 2008-12-31 19:40:00
01/02/2008 Farm Bureau Market Report
Click here to view this report online. Grain & Soybean Date: January 02, 2008 Soybeans Local Elevators: (Jan) EAST AR: 947 to 970 (NC) Summ ... Futures:Jan '09down2 1/4at 970 Mar '09 down 3 at 977 May '09down3 at 988 1/2 Jul '09down2 3/4 at 1000 Nov ... 501 to 506; Bids to farmers at Local Elevators505-520;River Elevators516-555;Chicago Futures:Mar [more...]
Date: 2009-01-02 21:14:00
Zimfo Bytes
Rising production costs and uncertain profit margins have risk-averse farmers ready to cut corn plantings in 2009 in favor of soybeans, ... Futures survey. The daily volume of 7,363 contracts traded Dec. 10, 2008 topped the former daily Minneapolis Grain Exchange (MGEX) record. The new daily record also pushed December 2008 in to the top 20 [more...]
Date: 2008-12-17 13:42:04
South Africa reaps bumper maize crop for 2007/08
by Muchena Zigomo South Africa's 2007/08 season maize crop soared almost 80 percent to 12 ... that we've gone higher than most people expected will probably see (maize futures prices) coming down a bit ... to silos, which were at 11.25 million tonnes on Wednesday according to the South African Grain [more...]
Date: 2008-12-09 10:52:00
Kevin Duffy on the dreaded "speculator"
Ah, the dreaded “speculator,” the perennial whipping boy of anti-capitalists. What is so evil about the speculator? ... where your mouth is - buy a futures contract.” And I reminded them I was doing the same, taking ... and bid up inflation hedges - not just crude oil, but grains, precious metals, and other commodities [more...]
Date: 2009-01-12 05:40:00
Commodity Boom Turns Bust in 2008 as Worldwide Economy Crumbles
Commodity prices in 2008 plunged the most in five decades as demand for energy, metals and grains tumbled in the second half because of the recession ... . Sugar, gold and hogs were the only other commodities to post gains. Gasoline futures declined ... on July 11. The 2008 low was 78.5 cents on Dec. 24. Crude oil futures tumbled a record 54 percent [more...]
Date: 2009-01-02 21:23:20
Commodity Boom Turns Bust in 2008 as Worldwide Economy Crumbles
Commodity prices in 2008 plunged the most in five decades as demand for energy, metals and grains tumbled in the second half because of the recession ... . Sugar, gold and hogs were the only other commodities to post gains. Gasoline futures declined ... on July 11. The 2008 low was 78.5 cents on Dec. 24. Crude oil futures tumbled a record 54 percent [more...]
Date: 2009-01-03 09:25:14
China to allow exports of corn
China, the world’s second-biggest corn grower, will allow 500,000 metric tons of the grain to be exported next year, ... supplies. Cofco Ltd, Jilin Grain Group Co and three smaller companies received export permits, said ... has expected, it amounts to nothing,” Nie Ben, manager at Shanghai Continent Futures Co, told Bloomberg [more...]
Date: 2008-12-31 12:59:13
The Economy's Silver Lining(s)
Every single day we hear about new reasons to be sour on the market ... economic futures for all. In the gloom of a dire economic forecast, are there two reasons to be hopeful ... . Beyond this, most other commodites grain, wheat, corn, etc. have also plummetted. This causes everyone's [more...]
Date: 2008-11-21 15:46:10
The Gift of Water (Christmas in a Time of Cholera)
Poor, overlooked water. It is a vital for cooking pasta, rice, grains and soups, yet most recipes don't even include it in their ingredient list, ... all of the water - this is how valuable a commodity that water has become. When I got home from work ... the wars of the future. I was furious. And suddenly very, very thirsty. Water was scarce all over [more...]
Date: 2008-12-21 16:00:00
Cotton Futures Continue Their March Towards Zero
Can you spot the trend?Trading below 40 cents, cotton must be one of the most underpriced commodities in the history of western civilization.Supply was already under pressure, as farmers neglected planting cotton in recent years in favor of higher priced grains, such as corn and soybeans.Lock and load, because we're going to see cotton [more...]
Date: 2008-11-13 00:42:00
Are Any Grains Worth Buying at These Prices?
Normal 0 false false false EN-US X-NONE X-NONE ... in 07-08 was really a speculative phenomena. Traders started piling into cotton futures contracts ... , as the market was not able to sustain a rally. But it's coming. Wheat also may be worth a look here [more...]
Date: 2008-11-23 19:08:00
The Econo-Cultural Breakdown
Modern financial history is a long series of spectacular asset bubbles followed by equally dramatic crashes. Before, during, and after, the question always arises - whether it's stocks, bonds, real estate, or collateralized debt obligations - what is the cause of such, as it appears in hindsight, folly? [more...]
Date: 2008-12-13 00:36:41
Predicting the grain market is like checking the chicken entrails
If you drive down state Route 46 north of the Eastwood Mall, there used to be a sign for a “reader and advisor.” You see one of those once in awhile ... . Now that we are back in the fours on futures, we can look for that next 50 cents, or we can expect ... now is that we have lost demand. All commodities, farm and nonfarm, are trading lower. Gas is [more...]
Date: 2009-01-08 07:58:13
Celebrity chefs: Jamie blames moms, Nick Nairn calls for soda ban, and Spanish chef wants McDonald’s
can’t cook. Put a less-nice way, he says it’s the fault of working moms who don’t take the time to cook healthy meals for their kids, consigning them to a life of flab. He’s probably at least a little bit right about that. Also about the fact that the current economic problems worldwide are likely to lead to more obesity [more...]
Date: 2008-11-24 12:25:17
All signs point to explosive rise in the gold price: Part 1
“Downside protection and potential extraordinary upside participation” With more than 20 years of experience in the investment industry, ... s got to stimulate. Is it going to be enough and what will that mean for commodities? Or, if it doesn ... it was in ’02, but there’s less gold around, ostensibly because the rise in all the other commodities [more...]
Date: 2009-01-07 16:28:26
New Year's Optimism
In any market environment, you have to be careful not to take current events and extrapolate ad infinitum, assuming that nothing else will change. I distinctly remember being in a meeting of a university student organization with its board, hearing one of the senior board members say " [more...]
Date: 2009-01-05 03:36:42
Jim Wyckoff’s Morning Blog–Tuesday
Tuesday, January 6–Jim Wyckoff’s Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS The market feature in overnight/early morning trading today is a stronger U.S. dollar and firmer crude oil futures prices that have pushed back ... , the U.S. T-Bond market has suffered serious near-term technical damage to now suggest that a major [more...]
Date: 2009-01-06 13:13:28
Debt Rattle, November 30 2008: How to Build a Lifeboat
National Photo Co. Mack Sennett Girl 1919. Actress Marvel Rea, one of film producer Mack Sennett's well-rounded "bathing girls" Stoneleigh: Yesterday we talked about why we are facing deflation and today I wanted to review and explain the suggestions we have made previously for dealing with a deflationary scenario [more...]
Date: 2008-11-30 20:00:51
Jim Wyckoff’s Morning Blog–Friday
Friday, January 10–Jim Wyckoff’s Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS There was no major market feature in overnight/early morning trading today, as traders await this morning’s key U.S. jobs report. JIM’S MARKET THOUGHT ... trading today. Bulls have faded this week. March S&P 500: The shorter-term moving averages [more...]
Date: 2009-01-09 13:08:33
GLOBALIZATION AND POVERTY:
Technorati Tags: Globalisation,food crisisInterview with Dr. Vandana Shiva By Gary Null Progressive Radio Network, Broadcast December 16, 2008GARY NULL (GN): My guest today is one of the more remarkable individuals that you will ever hear speak on the subjects that we’re going to discuss: the relationship between globalization and poverty, [more...]
Date: 2008-12-31 16:58:29
Commodity Boom Turns Bust in 2008 as Worldwide Economy Crumbles
Commodity prices in 2008 plunged the most in five decades as demand for energy, metals and grains tumbled in the second half because of the recession ... percent, the most among CRB components. Cocoa climbed 31 percent, the biggest increase. Sugar, gold and hogs were the only other commodities to post gains. Gasoline futures declined to $1.0082 a [more...]
Date: 2009-01-02 17:46:41
Jim Wyckoff’s Morning Blog–Monday
Monday, January 5–Jim Wyckoff’s Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS The market feature in overnight/early morning trading today is a stronger U.S. dollar and weaker crude oil futures prices. JIM’S MARKET THOUGHT OF THE DAY * I was able to get away from the office for a few days between the Christmas and New Year’ [more...]
Date: 2009-01-05 13:26:05
Give me the physical, not the paper
#fullpost{display:inline;}Ambrose Evans Pritchard over at the Telegraph has filed this report (hat tip Domus) ... their stockbroker to buy shares of one of the many gold ETFs or some commodity futures contract ... ," he said, referring to exchange trade funds listed in London, New York, and other bourses [more...]
Date: 2009-01-09 19:44:00
Oil price outlook from Roger Wiegand: Part II
... up in the commodity market to invest, that investors should look at as a general trend? RW: The two best commodity plays for next year, in my view, are gold and soybeans. Corn and wheat are going to be good, too [more...]
Date: 2008-12-30 14:33:58
Pleasure’s perils: Why the ’sex chip’ may not be such a good idea
Tuesday, December 30, 2008 Scientists have taken us one step closer to achieving permanent bliss. Neuroscientists Morten Kringelbach and Tipu Aziz recently announced that they were able to stimulate the pleasure centers of the brain by implanting a chip that sends tiny shocks to the orbitofrontal cortex [more...]
Date: 2008-12-31 15:48:20
China corn futures dip after week of price increases, metals keep rising
Major commodities kept an upward trend on Tuesday, with metals continuing a strong rise ... U.S. dollars a bushel on the latest trading day, equal to about 1,107 yuan a ton. In an effort ... a tonne during the week. May Copper on the Shanghai Futures Exchange rose by the daily limit [more...]
Date: 2009-01-07 16:19:22
Will Obama Open NAFTA Up For Renegotiation?
Published on Saturday, January 10, 2009 by Foreign Policy In FocusObama and NAFTAby Laura CarlsenWill he or won't he?In the shadow of the economic crisis, a war of words rages over whether President-elect Barack Obama will hold to his campaign promise of opening up the North American Free Trade Agreement for renegotiation [more...]
Date: 2009-01-11 16:58:00
Credit crunch crunching markets
If recent conversations with elevator managers and farmers are even slightly predictive, it’s gonna be a long, ... downtrend lines from Sept. 23’s action on futures price charts for corn, soybeans, wheat, cotton ... the harvest season peak for Dec. corn futures at $5.72 per [more...]
Date: 2008-12-18 05:58:00
DrumBeat: December 16, 2008
Robert Bryce: OPEC Was Right About Oil Prices. Now What? Back in June, I wrote a piece for The American in which I argued that oil prices were being driven higher by the immutable law of supply and demand. Today, with prices plunging to near $40 instead of the $145 level seen in mid-July, [more...]
Date: 2008-12-16 13:30:26
The Economy: "A Journey Down the River Styx"
“The breakdown in the political, economic, and social structure of the United States will produce considerable casualties: some human and some financial. The casualties will not be confined to the shores of the US; they will be seen around the world. Signs of the financial decay have been around for almost a decade and you don't have to look any [more...]
Date: 2009-01-07 04:15:00
The Economics of Scrooge
Charles Dickens' A Christmas Carol is among my favorite stories. This year, I've been reading it aloud to the family for the first time. (I started off reading it to the girls, but MrsDarwin has proved a more apt audience. Dickens' prose remains a bit beyond 5 and 6-year-old tastes.) [more...]
Date: 2008-12-31 18:29:00
Jim Wyckoff’s Morning Blog–Thursday
Thursday, January 8–Jim Wyckoff’s Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS The market feature in overnight/early morning trading today is weaker U.S. stock index futures. JIM’S MARKET THOUGHT OF THE DAY ... and the U.S. dollar this week. Look for a more active trading day on Friday, and possibly a more tentative [more...]
Date: 2009-01-08 13:13:40
China seeks to stabilize capital market to buoy economy
China seeks to stabilize its multi-tier capital market in an effort to protect the country’s economy from the ongoing financial crisis ... industrial upgrades and integration. The country’s futures market for agricultural products should ... kinds of commodity futures should be introduced to meet the need of economic development [more...]
Date: 2008-12-15 12:40:32
DrumBeat: December 1, 2008
A Shore Thing? Why Offshore Wind Power Will Likely Struggle Offshore wind power is the Holy Grail of renewable energy: It’s clean, abundant, and out of sight. Now that energy security is meshing with environmental concerns inside the White House, is offshore wind power ready to come of age? [more...]
Date: 2008-12-01 13:48:47
Belief Still in Ascendancy
Good Evening: Today’s action in the capital markets did not appear very remarkable on the surface, but it did reveal once again that investors are ( ... futures had a modest bid prior to this morning’s open, and the major averages popped for gains [more...]
Date: 2009-01-07 06:04:03
Within agriculture, what happens to ethanol and other biofuels will be the big issue for 2009
Ethanol Will Remain Big Issue to Watch in 2009 Pat Hill DTN Markets Editor Mon Jan 5, 2009 08:30 AM CST OMAHA (DTN) -- Along with the stacks of seed catalogs and new calendars, it seems as if every economist and every blogger has some dandy forecast for us -- when the recession will end, [more...]
Date: 2009-01-06 02:40:00
Book Review: Revisiting Tulipmania-The Dutch Asset Bubble
Several friends have asked me about what I’ve been doing besides valuing companies. The short answer is reading about financial history. Here is a book review on the dutch asset bubble known as tulipmania. In this new book the author claims that the tulipmania wasn’t as negative as portrayed by other historians [more...]
Date: 2008-11-29 08:22:42
China May Purchase 10 Million Tons Corn to Boost Farm Incomes
China may buy at least 10 million metric tons of corn from local farmers to revive prices and boost rural incomes, ... has left the market guessing,” Cao Yanhui, analyst at Liaoning Cifco Futures Co., said by phone ... at 3,180 yuan at the break. Most-active futures have plunged 39 percent from a record 5,241 yuan a ton [more...]
Date: 2008-11-21 11:23:21
Merry Christmas: North Dakota State Mill Is An Additional $1.35 Million In The Red
That would be in addition to the $12 million the mill announced having lost in June, July and August of this year, and the $16 ... because of last spring’s problems in the futures markets. An accounting report says the mill has lost $16.2 million since January because of unusual conditions in the grain futures markets. Most [more...]
Date: 2008-12-13 02:05:05
Words from the (investment) wise for the week that was (Dec 8 – 14, 2008)
Despite a litany of bleak economic and corporate news confronting investors during the past week, global stock markets digested the bearish fodder with a sense of aplomb. The MSCI World Index and the MSCI Emerging Markets Index gained 4.4% and 10.9% respectively on the week, with other reflation trades such as gold (+9.1%) and oil (+20.4%) [more...]
Date: 2008-12-14 08:22:17
Sheldon Inwentash: All Signs Point to Explosive Rise in Price of Gold
Source: The Gold Report With more than 20 years of experience in the investment industry, Sheldon Inwentash, chairman and CEO of both Pinetree Capital and Mega Uranium sheds some light on the future of gold and navigating the “murky and tricky” junior space. The Gold Report: Sheldon, from a macro overview [more...]
Date: 2009-01-02 15:29:20
