|Day's Range||293.25 - 298.00|
The much-anticipated April rains had finally arrived in Bengaluru. Jaishri Gopalan was watching the rain sweep across the city from the balcony of her 15th-floor apartment in Mahadevpura. Gopalan whipped out her phone and checked a WhatsApp group called Snacks that comprised several residents of her apartment complex.
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.
Energy bar labels are covered in claims from “gluten free” to “non GMO.” We counted 31 different types of assertions on the labels of the bars we looked at in our recent tests that had to do wit...
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. ...
Early results from the North Dakota leg of a crop tour organized by the Wheat Quality Council have cast doubt on whether the U.S. Department of Agriculture's forecast for an all-time high national spring wheat yield will actually prevail. Wheat yields averaged 38.9 bushels an acre in the 135 fields sampled Tuesday between Fargo and Bismarck. "It feels like it's much more average or above-average than it is a record, so far,'' Dave Green, the Kansas-based executive vice president of the Wheat Quality Council, said.
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…