Since the middle of February, Copper prices have fallen from a high of $4.62 to a fresh low of $3.45 – this has my attention; it should have yours as well. Copper is known to many traders as “Dr. Copper” because of its ability to predict overall demand/supply in the economy. However, Copper is not… Read more.
The world's biggest importer of cotton helped cotton prices climb following speculation that U.S. supplies will be unable to coincide with demand, Bloomberg reports. U.S. inventories stooped to their lowest amounts in 14 years yet the prices increased the most allowed by ICE Futures. According to the Agriculture Department, stockpiles of cotton for the year… Read more.
Despite the recent rally in commodities – Reuters/Jefferies CRB index just hit its highest point since October 2008 – Jim Rogers, the investor and economist who made his name calling for a multi-year bull market in commodities, believes that the trade in real, tangible goods remains the way of the future. Reuters reported on his words… Read more.
Gold coinage goes back to 640 BC or earlier. The metal has retained its value since, climbing to extreme highs. The market has accepted the price levels of gold without waiting for any significant dips. We have buying support from countries such as China and India. Fund Managers have added Gold to their trading portfolios. … Read more.
Fears about escalating tensions between North and South Korea sent the price of wheat futures plunging the most in the past seven days, Bloomberg reports. South Korea was the world's fifth-biggest importer of the U.S.' fourth biggest crop, but after North Korea launched artillery shells on Monday over the border and killed two South Korean… Read more.
Despite signs that Chinese demand for imported cotton will continue to grow, cotton futures traders backed away from the record prices being set by the fiber. On the IntercontinentalExchange, No. 2 cotton futures for March 2011 delivery slid 5.36 percent, or 6 cents – the exchange-imposed limit – to 111.79 cents per pound. According to… Read more.
Slipping demand for beef in the U.S. and speculation about how China will curb inflation has lowered cattle futures from a 26-month high, Bloomberg reports. Marking its first price decrease in five sessions, wholesale choice beef sank to $1.5864 a pound on Thursday, according to the U.S. Agriculture Department. Having ordered its banks to preserve… Read more.
Global commodity futures markets experienced a major correction over the last five days of trading, as the bullish news from Benjamin Bernanke and the Federal Reserve gave way to much more bearish sentiment from the People's Bank of China and Ireland. The Thomson Reuters/CRB Index, which tracks the prices of 19 key raw materials, dropped… Read more.
John Deere & Company tractor sales are expected to increase as commodities perform strongly, Bloomberg reports. Since late July, the Thomson Reuters/Jeffries CRB Index of 19 raw materials indicates commodities prices are higher. But, on top of that, agricultural products have been leading the largest rally since 1972 as cotton prices have skyrocketed 76 percent… Read more.