Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Thursday, February 28, 2008

Bushels of Profit Potential

Soybeans Surge to Record on Increased Global Demand for Food, Animal Feed Soybeans and soybean oil surged to records on speculation that inventories in the U.S., the world's largest producer, will slump because of increased global demand for food, animal feed and biofuels.

Robusta Coffee Advances to Highest Since 1995 on Investment Fund Buying Robusta coffee in London climbed to its highest since 1995 for a second day as funds sought to diversify their investments from stocks. Cocoa also gained while white sugar fell.

Gold takes hold of new high
Futures soar to a record $970 as weakness in the dollar further boosts the yellow metal's appeal.

Copper Futures Climb to Highest in 21 Months as Metal Inventories Dwindle Copper jumped to the highest price in 21 months as dwindling inventories signaled growing demand for the metal used in pipes and wires.

Crude surges above $102 a barrel
Crude-oil futures rallied nearly $3 to a record closing level of $102.59 a barrel Thursday, as investors' voracious appetite for oil shows no sign of abating.


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