| London robusta coffee hits 9-year high
London robusta coffee futures hit a nine-and-a-half-year high and cocoa reached a four-year peak on Friday on a wave of enthusiasm among investment funds for all sorts of commodities. Reallocation of investments for the New Year has already seen several basic resource prices, including gold and oil, hit record highs this month and soft commodities such as coffee and cocoa have been tipped as a good bet for the year ahead. "Funds are increasing their holding in both commodities at the moment. It is not an overnight thing, I think it has been building for some time," soft commodities trader Jeff Cooper of Ambrian Commodities said. .
Hooda invades Bhajan’s Adampur bastion
Although efficiency at the SDM office has gone up after the introduction of computers, operationalising CCTVs is expected to further improve the functioning on a day-to-day basis. An important aspect of the CCTV set up is going to be the constant recording of all activities at the SDM office. The SDM can check the working in his absence by viewing the recordings. The effectiveness of setting up CCTV system could lead to this model being introduced in other government offices throughout the state. It is expected that this system will go a long way in improving functioning in the government offices. SDM Mukesh Ahuja has been instrumental in conceptualising this proposal. He had put up this proposal before deputy commissioner Mohammad Shayin who promptly sanctioned it. Ahuja said the setting up of CCTV cameras was practically an extension of the existing computer infrastructure.
Baltic dry index spooks shipping shares
The shares of shipping companies have plummeted across the world on fears of a sharp economic slowdown as contagion from the US housing slump reaches Europe and Asia. Comment: The shipping news is in and it's not so goodThe latest news from the transport and automovitve industriesChina's COSCO fell 9.4pc in Far Eastern trading. Pacific Basin was off 10pc, and China Shipping Container Line fell 8pc. The selling ricocheted through European bourses and Wall Street: Belships was down 17pc in Oslo, Diana Shipping was off 8.4pc in New York, and Goldenport fell 4pc in London. .
DTN analyst, USDA official square-off on reports
Last Friday, USDA's World Agricultural Outlook Board (WAOB) cut its estimate of U.S. corn ending stocks by 359 million bushels compared to its estimate of a month before. The move set off a bullish shockwave that pushed corn futures at the Chicago Board of Trade over $5 a bushel in successive limit-up trading sessions.In its World Agricultural Supply-Demand Estimates (WASDE), USDA attributed the drawdown in corn stocks to an increase in feed and residual use. But DTN Senior Market Analyst Darin Newsom, in an article published Wednesday, expressed skepticism about USDA's supply-demand report, comparing USDA's report process to the Bowl Championship Series' method of selecting a national college football champion. And Newsom told Brownfield an increase in livestock feeding is almost certainly not the real reason there's less corn on hand.
The times they are a changin
The regime is blatantly selling public property even though Article 24 stipulates that the people as in you and me control the means of production. Were just following the prescriptions of the US and the IMF, both of which interfere in our internal affairs in the form of funds. And the worse is still to come: Imagine that Egypt, once a major wheat producer, is now importing wheat from the US. Why? Because thats what foreign powers dictate. So instead of sponsoring our own farmers, were sponsoring American farmers, El-Oksori shouts, his eyes bulging. Nasser had the courage to say no to the foreign powers when it involved the future of something as major as the High Dam. Now, we cant say no to the minor things. Im not siding with Nasser, Im siding with an ideology: the dignity of a nation.
Rule change opens whole new world to investors
Not everyone is as bullish. Laura Wallace, managing director of the Coleford Investment Fund in Toronto, believes the Canadian market's recent performance has lulled investors into the mistaken belief that they don't need much foreign content. She says it's important to diversify - not just geographically, but by industry. "A lot of industries just aren't available here," she says. "I'm referring to health care and large global pharmaceuticals, and consumer-staples companies. We focus on large multinational corporations, and we just don't have companies that size here at home." Multinationals do business around the world - they give investors exposure to foreign markets and currencies without the risk of direct investment. It also means these companies have a better chance of doing well even if the American markets do not.
Economy-Economics- World
Stock Markets Plunge Worldwide (5 comments) Stocks fell sharply worldwide Monday following declines on Wall Street last week amid investor pessimism over the U.S. government's stimulus plan to prevent a recession. U.S. markets were closed for Martin Luther King Jr. Day, but the downbeat mood from last week's market declines there circled through Europe, Asia and the Americas. Wednesday, January 16: NEW WORLD DISORDER: 7-year plan aligns U.S. with Europe's economy Rep Jim Costa, D-Calif, a member of the TPN advisory group, affirmed the target date of 2015 for the creation of a Transatlantic Common Market. The infrastructure would not require congressional approval and would integrate and harmonize administrative rules and regulations between the U.S. and the EU "in a very quiet way," without introducing a new free trade agreement to Congress.
Soybeans Dragged Lower By A Nickel As Wheat Prices Reverse And Plunge
Chicago Board of Trade soybeans fell on Tuesday, following the sell-off in wheat, traders said. Also weighing on the soy market was call option selling. "We followed wheat up and now we're following it back down. As far as fundamental inputs, there's not much new to go on," one CBOT trader said. March soybeans dipped to their 10-day moving average of $13.06-3/4 per bushel before closing 5 cents lower at $13.21. The deferreds ended 3 to 14 cents weaker. Traders noted that MF Global sold 1,500 July soybean $16 calls. Chicago wheat markets dived as the combination of expanded trading limits and higher futures margins broke the deadlock in the limit-up moves that occurred last week and caused all U.S. wheat markets to lock which halted trading.
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