News You Can Use For Thanksgiving Eve
Deere Profit Jumps 52%, Beating Estimates, on Demand Outside North America Deere & Co., the world's largest maker of tractors and harvesters, said fourth-quarter profit climbed 52 percent, beating analyst estimates, as demand outside North America countered slowing sales of construction equipment.
Note -- this is exactly the kind of thing I'm talking about in my recent Agriculture report. Demand from farmers -- especially outside the US -- should remain strong even if other parts of the economy slump.
Yen Rises as Widening Subprime Losses May Spur Investors to Reduce Risk The yen rose against all of the world's 16 most-actively traded currencies as losses related to subprime mortgages widened, prompting investors to sell higher- yielding assets funded by loans made in Japan.
BHP May Fail to Fulfill Promise of More Iron Ore With Rio, Analysts Say BHP Billiton Ltd., the Australian mining company bidding to buy Rio Tinto Group, may fail to convince customers concerned about a duopoly of the iron ore trade that the combined company will be able to overcome labor and port constraints hindering production, analysts said.
Corn Price Rises as Dollar Drops, Crude Oil Gains; Wheat Up on Weather Corn futures in Chicago rose for a second day on speculation record oil prices will boost demand for grain to produce biofuels. Wheat futures also rose.
Shell Pitches `Several Hundred Billion' Dollar Arctic Gas Project to Putin Royal Dutch Shell Plc and partners told Russian President Vladimir Putin that developing Arctic gas fields big enough to supply global demand for a decade may cost ``several hundred billion'' dollars.
Note -- this is exactly the kind of thing I'm talking about in my recent Agriculture report. Demand from farmers -- especially outside the US -- should remain strong even if other parts of the economy slump.
Yen Rises as Widening Subprime Losses May Spur Investors to Reduce Risk The yen rose against all of the world's 16 most-actively traded currencies as losses related to subprime mortgages widened, prompting investors to sell higher- yielding assets funded by loans made in Japan.
BHP May Fail to Fulfill Promise of More Iron Ore With Rio, Analysts Say BHP Billiton Ltd., the Australian mining company bidding to buy Rio Tinto Group, may fail to convince customers concerned about a duopoly of the iron ore trade that the combined company will be able to overcome labor and port constraints hindering production, analysts said.
Corn Price Rises as Dollar Drops, Crude Oil Gains; Wheat Up on Weather Corn futures in Chicago rose for a second day on speculation record oil prices will boost demand for grain to produce biofuels. Wheat futures also rose.
Shell Pitches `Several Hundred Billion' Dollar Arctic Gas Project to Putin Royal Dutch Shell Plc and partners told Russian President Vladimir Putin that developing Arctic gas fields big enough to supply global demand for a decade may cost ``several hundred billion'' dollars.
Labels: agriculture, commodity supercycle, natural gas
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posted by Sean Brodrick @ 8:04 AM
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