Driven by record imports and expectations of another surge in Chinese demand, hog prices are heading through the roof this summer
Greek bonds effectively trade at busted levels or yielding 13.59% more than German ten-year bonds or bunds.
Brazil, the world’s largest producer of sugar, is approaching an output shortfall for the first time since 2006. More than 50% of the world’s sugar supply emanates from Brazil.
What’s interesting about lumber is its predictive ability – at least recently. Lumber prices began consolidating last spring before the stock market ran into trouble in May (Flash Crash).
The US dollar might be embarking on another in a series of bear market rallies this summer but it should eventually run out of gas.
Copper, widely regarded as a barometer of global economic activity showed a 2.4% advance in June – quite inconsistent with the trend in raw materials.
Over the last four weeks the volatile weather patterns that importantly affect crop yields finally turned positive after months of relentless rains or drought.
40% of global copper demand is from China and recent forecasts of a Chinese economic slowdown have certainly contributed in a major way to the slump in copper prices.
Short-sellers are swarming the small rare earth sector this summer compounded by some insider selling at one of the leading North American rare element producers.
The Chinese are the number one consumers of raw materials in the world over the past decade.« Previous Entries