News You Can Use for Tuesday
Kazakhs Ban Wheat Exports to `Ensure Food Security' (sorry, no web link)
Agriculture ETFs Could Offset Food-Price Growth, Wall Street Journal Says Specialized exchange-traded funds are snapping up agricultural products, attracted by global demand for food and alternative fuels such as ethanol, the Wall Street Journal said in its ``Fund Track'' column.
Chicago Corn Futures Gain, Rice Reaches Record After U.S. Planting Report Corn futures in Chicago rose for a second day and rice prices reached a record after a government report showed plantings of the two U.S. crops were delayed following excessive rain. Soybeans and wheat also advanced.
India Urges States to Take Action Against Food Hoarding to Tame Inflation India's Trade Minister Kamal Nath asked state governments to crack down on hoarding of essential commodities after rising food prices pushed inflation to more than a three-year high in Asia's third-biggest economy.
XX Look for my MoneyandMarkets.com column tomorrow on this subject – the working title is “Food Wars”
Crude Oil Rises to a Record on Mexico Terminal Closures, China Fuel Demand Crude oil rose to a record in
Gold Advances in Asia Trade on Dollar Outlook, Rising Crude Oil Prices Gold climbed in
XX I’m liking gold here!
Copper Gains as Freeport's Indonesia Mine May Reduce Output; Tin at Record Copper rose in London on speculation lower production from the Grasberg mine in Indonesia will compound a supply squeeze. Tin climbed to a record.
Canada's Dollar to Gain as Economy 'Sits Out' U.S. Recession, CIBC Says Canada's dollar will rise to a one- year high by December as surging commodity prices shield the nation's economy from the economic slowdown in the U.S., according to CIBC World Markets.
XX we’ll put this in the “decoupling” camp, as economists argue if the global economy can decouple from a recession in the