India Shares Investment Blog » Russia

With BP’s Problems, Who Enters the Void?

Jason Raznick — Wed, 30 Mar 2011 22:30:00 +0000

Filed under: Exxon Mobil (XOM), Russia, BP p.l.c. ADS (BP), Oil

BP's (BP) headache continues over its planned share swap with Russian-owned Rosneft. According to a report from Sky News, the Association of British Insurers (ABI) announced its concerns over the impact of the swap. ABI reportedly controls 10% to 15% of the U.K. stock market.

ABI's reservations also include a Swedish court's decision to block BP's planned venture with Rosneft in the Arctic. Perhaps most concerning of all -- and not just to ABI -- is Wednesday's report announcing that U.S. prosecutors are considering manslaughter charges against BP for its Gulf of Mexico oil spill. Eleven oil workers were killed as a result of the spill.

Continue reading With BP's Problems, Who Enters the Void?

With BP's Problems, Who Enters the Void? originally appeared on BloggingStocks on Wed, 30 Mar 2011 17:30:00 EST. Please see our terms for use of feeds.

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US Department of Agriculture Cuts Crop Estimates for Corn and Soybeans. Prices Soar

Connie Madon — Wed, 12 Jan 2011 22:00:00 +0000

Filed under: Major Movement, International Markets, Industry, Economic Data, Commodities, Headline News, Agriculture

The US Department of Agriculture (USDA) cut its estimates of last fall’s corn and soybean crops.The soybean harvest was revised sharply downward to 3.33 billion bushels from 3.38 billion. Corn inventories are already at a 15 year low, were cut by more than 10% to 745 million bushels, as reported in the Wall Street Journal.

Let’s look at what happened around the world to the grain harvests:

Continue reading US Department of Agriculture Cuts Crop Estimates for Corn and Soybeans. Prices Soar

US Department of Agriculture Cuts Crop Estimates for Corn and Soybeans. Prices Soar originally appeared on BloggingStocks on Wed, 12 Jan 2011 17:00:00 EST. Please see our terms for use of feeds.

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Corn, Wheat and Soybean Prices Surge Higher on Weather Problems

Connie Madon — Mon, 20 Sep 2010 15:00:00 +0000

Filed under: Major Movement, International Markets, Russia, Market Matters, Canada, Commodities, Agriculture

The grain markets are highly weather dependent. The slightest whisper of a weather change can move grains by large magnitudes. And with crops in Canada and China in danger of freezing, some grains recorded two-year highs.

Western Canada experienced frost last week, damaging the region's crops, including wheat, canola and barley. Similarly, parts of China also experienced freezing weather, threatening some grain crops there. Meanwhile, in Russia, the severe drought, which caused the country to ban wheat exports, is continuing. Russian farmers have planted 39% less winter grains this year, according to Bloomberg.

Continue reading Corn, Wheat and Soybean Prices Surge Higher on Weather Problems

Corn, Wheat and Soybean Prices Surge Higher on Weather Problems originally appeared on BloggingStocks on Mon, 20 Sep 2010 10:00:00 EST. Please see our terms for use of feeds.

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Wheat - Cereal - Russia - Canada - Agriculture

Russia’s Putin Extends Ban on Grain Exports

Connie Madon — Fri, 03 Sep 2010 15:00:00 +0000

Filed under: Russia, Economic Data, Commodities, Agriculture

In a surprise and unexpected move, Russian Prime Minister Vladimir Putin told Reuters that he was extending the grain export ban until 2011. “I would like to note that lifting of the export ban can only be considered after next year’s crops have harvested,” Putin said according to Reuters.

Russia is now suffering through its worst drought in nearly 100 years. Grain harvest have been cut by two thirds, down to 60-65 million tons from 97 million tons in 2009.

Continue reading Russia’s Putin Extends Ban on Grain Exports

Russia’s Putin Extends Ban on Grain Exports originally appeared on BloggingStocks on Fri, 03 Sep 2010 10:00:00 EST. Please see our terms for use of feeds.

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Russia – Vladimir Putin – Prime Minister of Russia – BloggingStocks – Cereal

Wheat Moves Sharply Higher on Rumors of Drought in Russia

Connie Madon — Tue, 06 Jul 2010 19:20:00 +0000

Filed under: International Markets, Forecasts, Russia, Market Matters, Economic Data, Commodities

The grain markets are weather related. Any change in the normal growing weather pattern sends the markets into turmoil.

The story of the day is Russia. The farm ministry said that Russia will harvest 85 million metric tons of grain, down 5 million tons from the previous forecast. Why is this news? Russia and Canada vie with the U.S. as the second largest world wheat exporter.

Continue reading Wheat Moves Sharply Higher on Rumors of Drought in Russia

Wheat Moves Sharply Higher on Rumors of Drought in Russia originally appeared on BloggingStocks on Tue, 06 Jul 2010 14:20:00 EST. Please see our terms for use of feeds.

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Wheat – Canada – Russia – United States – BloggingStocks