First came copper, then oil, wheat, fertilizer and coal. Now the surging global economy is clamoring for yet another commodity: rusting cars, refrigerators and washing machines.
Investors wondering whether the agricultural commodities bubble has burst will get some important clues in next week's annual crop plantings report, considered a bellwether for the direction of farming activity for the year.
A floor trader who served on the board of the New York Mercantile Exchange agreed to serve five months in prison Tuesday after pleading guilty to fraud and evidence tampering related to commodities trading.
Investors wondering whether the agricultural commodities bubble has burst will get some important clues in next week's annual crop plantings report, considered a bellwether for the direction of farming activity for the year.
Three market predictions: Robin Griffiths at Cazenove Capital told CNBC he sees the euro falling to $1.30 — and possibly lower; the S&P 500 will continue to plummet; and gold may slip to $750 — before rallying toward $1,400.... Read More