|Day's Range||298.00 - 302.25|
After a fairly decent showing in 2017, commodities reversed course amid several pushbacks, including slowing global growth, a strong dollar, geopolitical tensions and an inclement monetary policy environment. Futures contracts are traded by speculators as well as commercial users of these commodities.
When the corn, wheat and oats futures contracts debuted in 1877, little did the 12 men who founded the Chicago Board of Trade realize they were creating a vehicle that would result in trillions of dollars traded globally every year. Although the CBOT was founded in 1848, it still took nearly 30 years to develop standardized instruments for selling grain with delivery at some point in the future at a price determined today, says Fred Seamon, senior director, grains and oilseeds for CME Group. At its inception, the CBOT centralized grain dealing, which represented the beginning of price discovery and price transparency, Seamon says, but it was still just a seasonal cash market because farmers and merchants met only around harvest.
The investment world is full of an overwhelming number of options, including equities, bonds, exchange-traded funds (ETFs) and more. Commodities may seem like just another one of the bunch, but these products offer a unique way to invest your money … Continue reading → The post How to Invest in Commodities appeared first on SmartAsset Blog.
Grain futures were higher Thursday in early trading on the Chicago Board of Trade. Wheat for Sept. delivery advanced 11.6 cents at $5.4220 bushel; Sept. corn was up 3.4 cents at $3.6370 a bushel; Sept. ...
Responding to China’s $50 billion worth of tariffs, the Office of the United States Trade Representative proposed an additional list of $200 billion worth of goods subject to a 10% tax. The list of 6,031 Chinese products (pdf) impacted by the retaliatory tariffs are reproduced below. The products range from seafood, handbags, cashew fruit, to…