Posted on March 17th, 2011 in cattle cotton, CattleCotton, commodities rally, CommoditiesRally, gold, grains, Headline news, India Shares, interantional markets, InterantionalMarkets, Japan crisis, JapanCrisis, oil, us dollar, UsDollar
Filed under: Major Movement, International Markets, Market Matters, Commodities, Oil, Headline News, Agriculture, DJIA
In many parts of Japan food products jumped. In some areas residents were told not to leave their homes. That alone is enough to create a fearful and hoarding mentality. Traders on the US commodity exchanges didn’t take long to work out how to play this. Pretty much across the board, prices rose.
Here are a few late prices:
- WTI crude was up $3.67 per barrel to $101.67. Brent crude rose $2.10 per barrel to $110.62
- In the grain market, June wheat futures rose 48-2 cents per bushel to $7.10 per bushel.
- Corn futures were up the 30 cent limit to $6.46 per bushel.
Continue reading Crisis in Japan Creates More Demand for Commodities.
Crisis in Japan Creates More Demand for Commodities. originally appeared on BloggingStocks on Thu, 17 Mar 2011 18:00:00 EST. Please see our terms for use of feeds.
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Except for the safe haven of U.S. treasuries and the U.S. dollar, most other commodities are getting slaughtered in the wake of the Japanese crisis.
In the 1630′s, it was tulips. More specifically, it was Semper Augustus, a tulip of extraordinary beauty; deep, deep blue with a band of white and touches of crimson flares. In its day, it was the must have thing. There was one man who owned the dozen flowers known to exist. He was offered the equivalent of one year’s annual income from a wealthy merchant for one bulb. He turned it down.
When it comes to the biggest threat to world economies, oil scarcity is second only to nuclear war. What started in Tunisia, then spread to Egypt has now spreading to Bahrain and Iran, where protesters are clashing with police. In Iran, lawmakers are threatening death to protesters.
