Dan Pritch submits: Based on some alarming global trends and abysmal policy decisions coupled with recent weather-related events in the mid-west, it is evident that high corn prices are here to stay and will likely continue to head north, in fact. While the high prices will spur a conversion...
Hard Assets Investor submits: By Brad Zigler Last week, as reported in "Soybean Crush Crushed," soybean processing margins were compressed to a year-to-date low of 4.6%, or 63 cents a bushel. Then it was corn's turn. As corn prices shot up over the $6.50 mark on...
David Enke submits: As recently discussed at bullbeartrader.com, and followed-up yesterday with another article from Bloomberg, heavy rain is causing corn prices to reach record levels see video here. Prices have essentially risen for 6 straight days after Bloomberg reported a week ago how heavy rains would cut the...
Ethanol producers, which have been taking a lot of the blame for rising food prices – and rightly so – may have gone too far, boosting demand for corn so much that they have priced themselves out of their own market. Agribusiness giants such as Cargill and...
Ethanol producers, which have been taking a lot of the blame for rising food prices – and rightly so – may have gone too far, boosting demand for corn so much that they have priced themselves out of their own market. Agribusiness giants such as Cargill and...
Commodities prices have so far responded pretty much as expected to the USDA's Prospective Plantings report, issued March 31. Corn prices are up, soybeans are way down. That's potentially bad news for meat processors such as Tyson Foods and companies such as Archer Daniels Midland that make...
Commodities prices have so far responded pretty much as expected to the USDA's Prospective Plantings report, issued March 31. Corn prices are up, soybeans are way down. That's potentially bad news for meat processors such as Tyson Foods and companies such as Archer Daniels Midland that make...
By Mark Weinraub CHICAGO (Reuters) - Rising oil prices and weakness in the dollar have combined to push food prices sharply higher this year, according to a study by agricultural economists released on Wednesday. "High commodity prices will persist as long as high...
David Enke submits: Rainfall has been over 3 times the normal amount in the Midwest the last few weeks, with more rain on the way. The heavy rains are affecting corn and soybean yields (video source: Clip Syndicate, Bloomberg), with just 74% of corn emerged from the ground, and...
Hickey and Walters Bespoke submit: Below we highlight our trading range charts for ten major commodities. The green shading represents between one and two standard deviations above and below the commodity's 50-day moving average. When prices move above the green shading they are considered overbought (and oversold for...
Last November, Monsanto said its gross profits might double by 2012. In an earnings-guidance update from the company on Tuesday, chief executive Hugh Grant said Monsanto is on track to do at least that well, and maybe better. "As we move closer to the Northern Hemisphere planting season, we've not...
Last November, Monsanto said its gross profits might double by 2012. In an earnings-guidance update from the company on Tuesday, chief executive Hugh Grant said Monsanto is on track to do at least that well, and maybe better. "As we move closer to the Northern Hemisphere planting season, we've not...
Trader Mark submits: It's starting to feel a lot like early March around here - stock market falling, agriculture products skyrocketing. It can only be a matter of time before we hear about rice hoarding at Costco again, eh? As if the world consumer did not have enough problems......
LONDON (Reuters UK) - Sugar refiner and sweetener maker Tate & Lyle said on Wednesday it had made a satisfactory start to its financial year and was on track to achieve progress for the year as a whole. The company, which makes sucralose sweetener Splenda, said...
