Filed under: Major Movement, International Markets, Analyst Reports, From the Boards, Industry, Market Matters, Personal Finance, Commodities, Headline News
Here’s an interesting story, which speaks volumes about the psychological dynamic of the markets. On Friday the United States Department of Agriculture (USDA) will report on end-of-season inventories, often called ‘ending stocks.’ Traders are getting word the report may show inventories are lower-than-usual. Against that backdrop, as a trader you certainly don’t want to take a short position. So what to do? You buy, of course.
Monday’s buying drove corn prices to a record high of .6025 per bushel, up 24.25 cents, as reported in the Wall Street Journal. Country Hedging, a brokerage firm, said: “Federal forecasters could drop the projection to less than 500 million bushels from last month’s 675 million. This is a 15 year low.”
Continue reading Supply Concerns Send Corn Prices to a Record High
Supply Concerns Send Corn Prices to a Record High originally appeared on BloggingStocks on Mon, 04 Apr 2011 18:00:00 EST. Please see our terms for use of feeds.
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Algae-oil company Solazyme, Inc. raised 7 million in its debut on the Nasdaq Global Market last Friday after its share prices surged by 15 percent above a previous estimated price range announced earlier this month. Just before its initial public offering, the company announced it will offer 10,375,000 shares at apiece. This was an increase both in the number of shares in share price indicated in an amended S-1 filing on May 12. 
Here it is in a nutshell: Prices of grains and cotton have skyrocketed year to date. The United States Department of Agriculture’s (USDA) report released Thursday stated that corn and wheat prices have doubled in the past year. Soybeans were up 50% and cotton was up 155%, as reported in the 
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Gas prices are rising and show no signs of coming back down. In fact the predictions are for higher prices to come. At the moment, gasoline averages .542 per gallon, according the the AAA motorist group, as reported by 
WASHINGTON, March 4 (Reuters) – Gasoline prices are spiking and with them the savings for United States commuters who rely on public transportation, a transit group said on Friday. U.S. gas prices have increased 28 cents per gallon in the last 10 days to .47 per gallon from .18 per gallon. Individuals who travel by bus or commuter rail instead of filling up their tanks at that price would save 5 per month on average, the American Public Transportation Association said.
After two years of steadily rising commodity prices, Federal Reserve chairman Ben Bernanke finally admits to it. Quoted in 
U.S. stock futures are lower this morning, as oil prices continued to surge. Futures on the 
You may not have felt it yet, but inflation is running rampant for certain commodities. Prices for some raw materials like cotton, oil, aluminum, tin and many others have skyrocketed in the last year. Manufacturers from electronics to apparel are feeling the pain as they report lower earnings due to higher raw materials costs. That can only mean one thing: prices will be going up on many items in the near future or profit margins will be lower, driving down earnings.
Corn prices are up 92% in the past year. The key driver of the surge in prices is demand from China. According to the U.S. Grains Council, China expects to import 9 million metric tons of corn this year. This is double its previous record of 4.3 million metric tons in 1995.
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