CHICAGO— Grain futures were lower Tuesday in early trading on the Chicago Board of Trade. Wheat for Mar delivery was unchanged at 6.355 cents a bushel; Mar corn was 2 cents lower at $4.12 a bushel; Mar oats were unchanged at $3.09 a bushel; while Mar soybeans were unchanged at $10.4575 a bushel. Feb live cattle was unchanged at $1.6060 a pound; Mar feeder cattle was. 97...» Read More
As food prices surge investors should look to the Commonwealth of Independent States for opportunities, says strategist Kingsmill Bond.
For the week ending Friday, June 27, 2008, the U.S Markets tumbled on low consumer confidence levels, battered financial stocks, interest rates concerns, and new record prices for crude oil.
Kroger is voluntarily recalling all ground beef products sold in Michigan and certain Ohio stores between May 21 and June 8 because the meat has been linked to recent outbreaks of E. coli bacteria.
Monsanto posted a higher-than-expected quarterly profit and raised its full-year forecast, but its shares fell more than 6 percent as Wall Street expressed disappointment that the company's results and outlook were not stronger.
Bunge will buy fellow agriculture company Corn Products International for $4.4 billion in stock, the companies said Monday.
For the week ending Friday, June 20, 2008, the markets dropped on disappointing earnings results from the financial sector, and a continued spike in crude oil prices added to investors' concerns over inflation. The Dow closed below 12000 on Friday for the first time since Mid-March.
With thousands of displaced people and the floods working their way from Iowa down to Mississippi, the worst flooding in the U.S. Midwest in 15 years is adding pressure to the recent rise in prices for food and corn-based ethanol. Here are some of the other businesses in the region, affected by the deluge.
The swollen Mississippi River ran over the top of at least 12 more levees on Wednesday, as floodwaters swallowed up more U.S. farmland, adding to billion-dollar losses and feeding global food inflation fears.
Plus, calls on Lehman, Goldman, Boeing, Best Buy and more.
The rising Mississippi River could flow over the top of as many as 33 levees and damage homes and hundreds of thousands of acres of farmland if sandbagging efforts fail, according to a map released on Tuesday by the U.S. Army Corps of Engineers.
Parts of Australia's key Murray-Darling river food bowl may be beyond recovery unless a prolonged dry spell and political wrangling over water use ends by October, a leaked scientific report warned on Wednesday.
This is a true triple-play stock, Cramer says.
Stocks finished mixed amid volatile oil prices and a weak manufacturing report from the Fed.
Record floods have devastated Iowa farmers, The New York Times reports.
For the week ending Friday, June 13, 2008, the markets were mixed on varied economic news, renewed credit concerns from Lehman and the financial sector, and of course, oil. A surprise increase in retail sales gave hope for economic growth and a rising CPI suggested a potential rate move on the horizon that could strengthen the dollar and begin to tame inflation.
Some farmers are starting to fear disaster as global harvests look set to be average in a year when they should be excellent to offset food shortages, the NYT reports.
For the week ending Friday, June 6, 2008, the markets finished in the red as the CBOE Volatility Index (VIX) again crossed above the 20 threshold and oil surged. Stocks were impacted by continued economic concerns, renewed trouble in the financial sector, and a record spike in crude oil on Friday. Although it was a negative week for the markets, the Dow managed a 200+ point rally on Thursday for the first time since 4/18, after retailers posted better than expected same store sales.
Plus, two more international stock picks from Cramer.
Large private investors have been buying commodities in recent years, but now some are going further and buying actual farmland, says The New York Times.
For the week ending Friday, May 30, 2008, the markets finished up, with all major indices increasing ~1.3% or higher for the week. Only the Dow declined for the month, shedding 1.42%. The NASDAQ reached its third consecutive monthly gain , up 4.55% for the month. The markets were encouraged by better than expected earnings from retailers and strong results from Dell. U.S. GDP for 1Q also helped lift stocks up, as it rose 0.9% at an annual rate , better than the previous estimate. Crude Oil also retreated to lower levels.