Posts filed under “Commodities”

Drought Devastating Crops, Driving Prices Higher

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The New York Times – Searing Sun and Drought Shrivel Corn in Midwest
Across a wide stretch of the Midwest, sweltering temperatures and a lack of rain are threatening what had been expected to be the nation’s largest corn crop in generations. Already, some farmers in Illinois and Missouri have given up on parched and stunted fields, mowing them over. National experts say parts of five corn-growing states, including Indiana, Kentucky and Ohio, are experiencing severe or extreme drought conditions. And in at least nine states, conditions in one-fifth to one-half of cornfields have been deemed poor or very poor, federal authorities reported this week, a notable shift from the high expectations of just a month ago. Crop insurance agents and agricultural economists are watching closely, a few comparing the situation with the devastating drought of 1988, when corn yields shriveled significantly, while some farmers have begun alluding, unhappily, to the Dust Bowl of the 1930s. Far more is at stake in the coming pivotal days: with the brief, delicate phase of pollination imminent in many states, miles and miles of corn will rise or fall on whether rain soon appears and temperatures moderate.

Source: Bianco Research

Category: Commodities, Think Tank

The Falling CRB Index – COMMODITIES-Markets tumble again; CRB at 20-month low The sell-off in commodities showed little signs of abating on Wednesday as the dollar’s relentless climb against the euro and fears of a Greek exit from the euro zone forced a fresh tumble in prices of grains, metals and oil. The 19- commodity Thomson Reuters-Jefferies CRB…Read More

Category: Commodities, Think Tank

Chinese Defaulting on Commodity Contracts

The BoJ meets tomorrow (2 day meeting) to decide on monetary policy. Speculation continues that they will add to their stimulus measures, which has weakened the Yen. Trade data is out on the 23rd May, which may reveal that the Japanese trade deficit widened in April -  once again Yen negative; The FT reports that…Read More

Category: Commodities, Think Tank

Hours of Work Needed to Purchase: CRB, SPY, Gold, Oil

From Ron Griess and the always fascinating Chart Store, we see a very different read of inflation.

He shares this awesome selection from his weekly blog (subscription only) of commodities,  crude oil, copper, gold, silver, corn, coffee, cotton, and the S&P500 — all priced in terms of hourly earnings:

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Category: Commodities, Gold & Precious Metals, Inflation

Dr. Copper Flashes a Warning

> “Dr. Copper is telling us that while the U.S. equity markets are being priced by such frivolous things as U.S. holiday retail sales, the global economy is experiencing a deceleration in growth [that will become evident] in the first half of next year.” -Jason Schenker,  chief economist at Prestige Economics. > Those of you…Read More

Category: Commodities, Economy

Copper signaling recession ….

FusionIQ’s Kevin Lane notes:  Copper as seen on this weekly chart through last tick has broken two supports first near $ 50.00 (red line) and second (green line) near $ 46.00 – this free fall on volume is more indication that the market believes we are in a recession given copper’s ties as an economic…Read More

Category: Commodities, Economy, Markets

King Copper and a New Low in the Shanghai Index

Doug Kass points us to this chart (from “Fast Money’s” Steve Cortes) depicting copper’s price with the S&P 500. Source: Bloomberg

Category: Commodities, Data Analysis, Economy

Reuters/Jefferies CRB Index Back to 1749

click for ginormous chart Source: Bianco Research, LLC Charts Of The Week, September 21, 2011

Category: Commodities, Data Analysis

Libya Oil Exports

Funny how the war in Libya and the price of Oil have slipped off the radar. Here is a quick reminder of the significance of revolution in this Oil rich country: > Source: Libya Oil Exports WhoWhatWhy, August 31, 2011

Category: Commodities, Markets

The Price Of Weed in the US

Its a slow holiday week, and with the end of August on us, we can have a little fun with the maps below from floatingsheep. They have mapped the price variants of marijuana across the country. Yellow = more expensive, Darker green = lower price. (There are no controls indicated for quality of product or…Read More

Category: Commodities, Markets