Standpoint Research downgraded Archer Daniels Midland (NYSE:ADM) today from "Buy" to "Hold."
Since June 7 when they hit $24.51, the company has been on a tear, rising to $32.32.35 today (although they're down in today's session).
Standpoint said the valuation and increase of 30 percent during that time leaves little room for upward movement.
ADM has been trying to push ethanol on us in order to gain from the increased demand, but that has been fought against by an increasing number of people because of the damage done to equipment and cars, and the huge amounts of input needed to raise corn.
Showing posts with label Ethanol. Show all posts
Showing posts with label Ethanol. Show all posts
Tuesday, September 14, 2010
Wednesday, June 9, 2010
Archer Daniels Midland (NYSE:ADM) Ethanol Push
Archer Daniels Midland (NYSE:ADM) is attempting to use the negative sentiment against oil companies at this time as a result of the Gulf spill to push their ethanol agenda of increasing the mix of ethanol and gasoline to 12 percent to run in cars.
This isn't because they care about alternative energy, as corn-based ethanol is harsh and hard on the environment, rather it's because of the drop in price of corn which will generate better earnings because of higher margins.
To that end they're pressing the Environmental Protection Agency to make the increased change to benefit themselves solely by selling more corn.
Meat producers are strongly resisting ethanol subsidies and other measures like this as it puts strain on their margins because of the ethanol industry being artificially propped up by the government.
I agree with the meat industry that ethanol subsidies should be completely abandoned and the industry should be left to stand or fall on its own, like it should have been all along.
With ethanol causing all sorts of problems for small engines and lack of evidence as to how hard it is on some cars, it would be foolish and irresponsible to allow this increase in ethanol-gasoline blend at this time, or any time in the future.
Let people decide if they want to buy ethanol to run their vehicles, not anyone else.
This isn't because they care about alternative energy, as corn-based ethanol is harsh and hard on the environment, rather it's because of the drop in price of corn which will generate better earnings because of higher margins.
To that end they're pressing the Environmental Protection Agency to make the increased change to benefit themselves solely by selling more corn.
Meat producers are strongly resisting ethanol subsidies and other measures like this as it puts strain on their margins because of the ethanol industry being artificially propped up by the government.
I agree with the meat industry that ethanol subsidies should be completely abandoned and the industry should be left to stand or fall on its own, like it should have been all along.
With ethanol causing all sorts of problems for small engines and lack of evidence as to how hard it is on some cars, it would be foolish and irresponsible to allow this increase in ethanol-gasoline blend at this time, or any time in the future.
Let people decide if they want to buy ethanol to run their vehicles, not anyone else.
Thursday, March 25, 2010
Morgan Stanley (NYSE:MS) Reduces EPS Estimates for Archer Daniels Midland (NYSE:ADM)
Morgan Stanley Lowers Archer Daniels Midland Earnings Estimate
Based largely on declining ethanol profits, Morgan Stanley (NYSE:MS) reduced its estimate for earnings per share for Archer Daniels Midland (NYSE:ADM), saying ethanol profits, or lack of them, will pressure earnings through 2011.
In spite of the downgrade in estimate for earnings per share, Morgan Stanley did maintain its $33 a share price target and kept the stock at an Equal Weight rating.
Archer Daniels was down almost 3 percent on the day.
Based largely on declining ethanol profits, Morgan Stanley (NYSE:MS) reduced its estimate for earnings per share for Archer Daniels Midland (NYSE:ADM), saying ethanol profits, or lack of them, will pressure earnings through 2011.
In spite of the downgrade in estimate for earnings per share, Morgan Stanley did maintain its $33 a share price target and kept the stock at an Equal Weight rating.
Archer Daniels was down almost 3 percent on the day.
Monday, February 8, 2010
George Soros' Possible Adecoagro IPO
George Soros Adecoagro IPO
Adecoagro is a venture capital company formed in 2002 by a group of investors including billionaire George Soros. The company invests in assets like renewable energy and agriculture in Latin America.
If the time seems right, rather than just raising capital from its private shareholders, the company is thinking of going the initial public offering (IPO) route as the means to raise more capital.
With sugar and ethanol continuing to be an important and profitable part of Brazil, the company has a strong reason and base product to make it an attractive IPO candidate.
The company already has plans in place to increase its sugar-cane crushing to 11 million metric tons in 2016, a major increase from the current 4.8 million they are crushing now. Another strategy is to build a huge can processor in Mato Grosso do Sul sometime in 2010. The acquisition of a sugar mill in Brazil is another possibility during the year.
At this time Adecoagro either leases or owns close to 840,000 acres of farmland in Brazil, Argentina and Uruguay. They grow a number of agricultural products, including soybeans, rice and coffee on the acreage, while also producing a variety of dairy products too.
With land in Brazil skyrocketing because of increasing commodity prices and the value of the local currency, Adecoagro has worked on securing long-term land leasing agreements to lock in prices in order to manage costs.
It's not a surety concerning the IPO, as the company can also raise significant funds with its current base of investors in the company.
George Soros Adecoagro IPO
Adecoagro is a venture capital company formed in 2002 by a group of investors including billionaire George Soros. The company invests in assets like renewable energy and agriculture in Latin America.
If the time seems right, rather than just raising capital from its private shareholders, the company is thinking of going the initial public offering (IPO) route as the means to raise more capital.
With sugar and ethanol continuing to be an important and profitable part of Brazil, the company has a strong reason and base product to make it an attractive IPO candidate.
The company already has plans in place to increase its sugar-cane crushing to 11 million metric tons in 2016, a major increase from the current 4.8 million they are crushing now. Another strategy is to build a huge can processor in Mato Grosso do Sul sometime in 2010. The acquisition of a sugar mill in Brazil is another possibility during the year.
At this time Adecoagro either leases or owns close to 840,000 acres of farmland in Brazil, Argentina and Uruguay. They grow a number of agricultural products, including soybeans, rice and coffee on the acreage, while also producing a variety of dairy products too.
With land in Brazil skyrocketing because of increasing commodity prices and the value of the local currency, Adecoagro has worked on securing long-term land leasing agreements to lock in prices in order to manage costs.
It's not a surety concerning the IPO, as the company can also raise significant funds with its current base of investors in the company.
George Soros Adecoagro IPO
Monday, December 14, 2009
Agriculture Commodities Prices Going Up in 2010
It looks like 2010 could be a good year for agricultural commodities investors, especially those hitting it right for those food prices going up. Soybeans seems to be one of those agricultural commodities sure to rise in price in 2010, based on nothing more than continued demand from China. That's enough of a reason to believe soybean prices will continue to rise.
Another factor many are considering is in reference to a number of funds possibly having a lot of interest in the agricultural commodity sector in 2010, making it highly likely for many food prices to increase. While that's a real factor, it's not as important as what these funds are making their determinations by.
If there is a real growing demand for a number of agricultural products, then there will be a corresponding increase in prices. But to base a strategy on attempting to invest along with big funds in the sector is a risk. We should always look at the long term factor and not short term ones. Even so, it's not a certainty, and only a guess that the big funds will go this route. It's a gamble at best to follow as if that's going to be the reality.
Sugar continues its rise in price, and that could definitely be a long term trend based on the growing middle classes in China and India. Usually a growing middle class likes to spend money on sweets and things like that when they have the money to. And that should be the case in these countries, as demand for sugar rises along with sugar prices.
Based on the foolish ethanol policies of the U.S., it is expected that demand for corn will continue to rise, along with corn prices. Wheat prices probably won't fare near as well for some time, as countries continue to over-plant and over-harvest, creating downward pressures on wheat prices, which don't look like they're going to abate any time soon.
Another factor many are considering is in reference to a number of funds possibly having a lot of interest in the agricultural commodity sector in 2010, making it highly likely for many food prices to increase. While that's a real factor, it's not as important as what these funds are making their determinations by.
If there is a real growing demand for a number of agricultural products, then there will be a corresponding increase in prices. But to base a strategy on attempting to invest along with big funds in the sector is a risk. We should always look at the long term factor and not short term ones. Even so, it's not a certainty, and only a guess that the big funds will go this route. It's a gamble at best to follow as if that's going to be the reality.
Sugar continues its rise in price, and that could definitely be a long term trend based on the growing middle classes in China and India. Usually a growing middle class likes to spend money on sweets and things like that when they have the money to. And that should be the case in these countries, as demand for sugar rises along with sugar prices.
Based on the foolish ethanol policies of the U.S., it is expected that demand for corn will continue to rise, along with corn prices. Wheat prices probably won't fare near as well for some time, as countries continue to over-plant and over-harvest, creating downward pressures on wheat prices, which don't look like they're going to abate any time soon.
Tuesday, January 27, 2009
Commodities | Cellulosic Ethanol the Answer?
Is cellulosic ethanol the answer to the alleged energy crisis? I don't think so. We already know ethanol made from corn has so many downsides that the idea of continuing to produce it, or even having industry based upon it is fooish at best, and reckless at worst.
Already the ethanol industry is self destructing as producers are falling by the wayside, as the news lets us know.
Ethynol stocks are a joke, and companies are all teetering on bankruptcy, if they aren't bankrupt already.
Power equipment like snowmobiles and chainsaws are being decimated by E10, and repair shops are full from the broken down machinery.
Stocks related to ethanol are also being crushed, and all the marketing schemes in the world aren't going to change that reality. Ethanol as an investment sucks, and there's no other way to put it.
As far as cellulosic ethanol goes, it's just another pipe dream that will fall along the wayside, as billions in taxpayers dollars are wasted on another ill advised biofuel obsession.
What cellulosic ethanol is made of is material that is in the majority of plant matter, which is the reason there was so much news on the subject, because it provides a unlimited amount of resources for the fuel.
Plant matter like rice straw, corn stalks, switch grass, wood chips and wheat are part of what could be used to make the biofuel.
The problem with cellulosic ethanol is the technology doesn't exist to mass produce it, and it will be an extremely expensive process to develop, making it less price friendly for consumers.
As the news of the ethanol debacle continues to come forth, we're finding more and more that the supposed bridge between corn ethanol and cellulosic ethanol is simply a myth. It's being used by those with vested interest in continuing to obtain funds from taxpayers for their pet projects to keep them going.
Even the former chair of the House Ag Committe in the USA admitted accidently that he doubts cellulosic ethanol will ever take off as a viable biofuel. So with corn ethanol being considered more and more dubious as a legitimate source of fuel and energy, it may be past time to shut down the ill advised investment and turn to other research and experiment to find real solutions to future energy needs.
Another practical problem with cellulosic ethanol is its difficulty in breaking down in contrast to corn ethanol. The reason is because starch in corn ethanol is much easier to break down and much cheaper to produce.
The truth is that there would be no ethanol producers, ethanol companies, ethanol stocks or ethanol investment if there wasn't the misguided "Renewable Fuel Standard" of the 2007 Energy Act, without which biodiesel and cellulosic ethanol and corn ethanol would have long faded away, and news of it would be absent.
Unfortunately, mainstream media loves ethanol in all its forms, and continues to ignorantly report on it as if it's the answer to energy and fuel problems. In reality the process and inputs are more of a problem that the solution it's trying to become.
Even politcians like those in Missouri are under fire for investing in ethanol companies to benefit from the tax supported industry. Sarah Steelman is bravely fighting not allowing them to profit from the windfall, as in the case of Show Me Ethanol.
This is ridiculous that in what would be considered insider trading and illegal in the private sector could be allowed in the public sector.
We hear about the scientific side of things in order to justify the money for research for ethanol. For example, with cellulosic ethanol, they say researchers are working on enzymes so they more less expensively produce the potential fuel.
The problem is that's a bunch of nonsense. It's meaningless. Researchers are working on it? What does that mean? It means there's no solution and its a bunch of smoke and mirrors as to its potential.
All of this is a governmental marketing scheme for ethanol, and it's ignorant. Try to use news outlets to do there marketing as they do, the government knows that the ethanol industry in general, and the cellulosic industry in particular, has no future. It's not going to happen.
The only people benefitting from this are the producers, investors, companies and repair shops, who are filled with snowmobiles, chainsaws and generators from the ethanol caused break downs.
One good thing about it all is those ethanol companies and investors thinking they were going to make a huge profit at the expense of taxpayers and users of the faulty biofuel, are now finding themselves losing a ton of money from the socialist program.
It doesn't matter what type of ethanol is being touted in the news, it isn't even a part of the answer going forward. Have all the conferences you want and strategy meetings, it doesn't work, and it's becoming more and more obvious the longer we're in it.
Before this debacle is over, we're going to see billions of taxpayers money flushed down the ethanol biofuel drain, as the mandate to produce 36 billion gallons of biofuel by 2022 will result in outrageous actions to attempt to make it happen, unless the 2007 Act mandate is rescinded; which it will have to be.
The mandate requires 15 billion gallons of biofuel from corn, and 2 billion from cellulosic sources. The news is that's not even going to be close to being able to be achieved.
Almost everyone concurs that to achieve the levels mandated by law, the tax credits to the companies involved would have to be jacked up to much higher levels to make it even close to being possible.
What's the conclusion? Drop the program altogether. It's absolutely unattainable, and to continue on the course is reckless.
Not only is corn ethanol not the answer, but cellulosic ethanol is even less of an answer. It's far past time to simply acknowledge that reality.
Already the ethanol industry is self destructing as producers are falling by the wayside, as the news lets us know.
Ethynol stocks are a joke, and companies are all teetering on bankruptcy, if they aren't bankrupt already.
Power equipment like snowmobiles and chainsaws are being decimated by E10, and repair shops are full from the broken down machinery.
Stocks related to ethanol are also being crushed, and all the marketing schemes in the world aren't going to change that reality. Ethanol as an investment sucks, and there's no other way to put it.
As far as cellulosic ethanol goes, it's just another pipe dream that will fall along the wayside, as billions in taxpayers dollars are wasted on another ill advised biofuel obsession.
What cellulosic ethanol is made of is material that is in the majority of plant matter, which is the reason there was so much news on the subject, because it provides a unlimited amount of resources for the fuel.
Plant matter like rice straw, corn stalks, switch grass, wood chips and wheat are part of what could be used to make the biofuel.
The problem with cellulosic ethanol is the technology doesn't exist to mass produce it, and it will be an extremely expensive process to develop, making it less price friendly for consumers.
As the news of the ethanol debacle continues to come forth, we're finding more and more that the supposed bridge between corn ethanol and cellulosic ethanol is simply a myth. It's being used by those with vested interest in continuing to obtain funds from taxpayers for their pet projects to keep them going.
Even the former chair of the House Ag Committe in the USA admitted accidently that he doubts cellulosic ethanol will ever take off as a viable biofuel. So with corn ethanol being considered more and more dubious as a legitimate source of fuel and energy, it may be past time to shut down the ill advised investment and turn to other research and experiment to find real solutions to future energy needs.
Another practical problem with cellulosic ethanol is its difficulty in breaking down in contrast to corn ethanol. The reason is because starch in corn ethanol is much easier to break down and much cheaper to produce.
The truth is that there would be no ethanol producers, ethanol companies, ethanol stocks or ethanol investment if there wasn't the misguided "Renewable Fuel Standard" of the 2007 Energy Act, without which biodiesel and cellulosic ethanol and corn ethanol would have long faded away, and news of it would be absent.
Unfortunately, mainstream media loves ethanol in all its forms, and continues to ignorantly report on it as if it's the answer to energy and fuel problems. In reality the process and inputs are more of a problem that the solution it's trying to become.
Even politcians like those in Missouri are under fire for investing in ethanol companies to benefit from the tax supported industry. Sarah Steelman is bravely fighting not allowing them to profit from the windfall, as in the case of Show Me Ethanol.
This is ridiculous that in what would be considered insider trading and illegal in the private sector could be allowed in the public sector.
We hear about the scientific side of things in order to justify the money for research for ethanol. For example, with cellulosic ethanol, they say researchers are working on enzymes so they more less expensively produce the potential fuel.
The problem is that's a bunch of nonsense. It's meaningless. Researchers are working on it? What does that mean? It means there's no solution and its a bunch of smoke and mirrors as to its potential.
All of this is a governmental marketing scheme for ethanol, and it's ignorant. Try to use news outlets to do there marketing as they do, the government knows that the ethanol industry in general, and the cellulosic industry in particular, has no future. It's not going to happen.
The only people benefitting from this are the producers, investors, companies and repair shops, who are filled with snowmobiles, chainsaws and generators from the ethanol caused break downs.
One good thing about it all is those ethanol companies and investors thinking they were going to make a huge profit at the expense of taxpayers and users of the faulty biofuel, are now finding themselves losing a ton of money from the socialist program.
It doesn't matter what type of ethanol is being touted in the news, it isn't even a part of the answer going forward. Have all the conferences you want and strategy meetings, it doesn't work, and it's becoming more and more obvious the longer we're in it.
Before this debacle is over, we're going to see billions of taxpayers money flushed down the ethanol biofuel drain, as the mandate to produce 36 billion gallons of biofuel by 2022 will result in outrageous actions to attempt to make it happen, unless the 2007 Act mandate is rescinded; which it will have to be.
The mandate requires 15 billion gallons of biofuel from corn, and 2 billion from cellulosic sources. The news is that's not even going to be close to being able to be achieved.
Almost everyone concurs that to achieve the levels mandated by law, the tax credits to the companies involved would have to be jacked up to much higher levels to make it even close to being possible.
What's the conclusion? Drop the program altogether. It's absolutely unattainable, and to continue on the course is reckless.
Not only is corn ethanol not the answer, but cellulosic ethanol is even less of an answer. It's far past time to simply acknowledge that reality.
Saturday, January 3, 2009
Commodities: End of the Ethanol Era
Ethanol an artificial commodity, not the answer
Imagine a plant that can be easily grown on farms all over America. Imagine it can be turned into a fuel through a simple process. Imagine we burn that fuel in our cars to reduce our dependence on foreign oil.
That sounds wonderful. But that plant is not corn. That process is not simple. And that fuel is not ethanol.
Click here for more on "End of the ethanol era"
I can't consider ethanol a real commodity, as is trying to be foisted on us by the government and greenies. There's absolutely nothng about it that has any value, as about every positive assertion made about it is turning out to be false.
Imagine a plant that can be easily grown on farms all over America. Imagine it can be turned into a fuel through a simple process. Imagine we burn that fuel in our cars to reduce our dependence on foreign oil.
That sounds wonderful. But that plant is not corn. That process is not simple. And that fuel is not ethanol.
Click here for more on "End of the ethanol era"
I can't consider ethanol a real commodity, as is trying to be foisted on us by the government and greenies. There's absolutely nothng about it that has any value, as about every positive assertion made about it is turning out to be false.
Monday, November 3, 2008
Commodities: Ethanol VeraSun Energy Bankruptcy
Ethanol as commodity continues to lose luster as VeraSun files for bankruptcy
The hugely misguided effort by the U.S. government to artificially produce an ethanol industry in America continues to flounder, with the latest casualty in the debacle being VeraSun Energy Corp., which has filed for Chapter 11 bankruptcy protection.
VeraSun Energy, which accounts for close to 13 percent of the ethanol capacity in the country, is attempting to get $190 million to meet expenses, including payroll. Other needs to be met are buying of corn, leases, natural gas, among a number of others.
Standard & Poor's also lowered the long-term credit rating of the company on its senior secured notes - due in 2012 - from "B-" to "D." They're worth about $210 million. VeraSun has about $450 million in unsecured notes - due in 2017 - lowered from "CCC" to "D."
With profit margins of about zero, almost no credit markets, and terrible, speculative bets on commodities, the company has no chance at operating in its current condition. Another major factor was its irresponsible debt load, which also make it impossible to operate at a profit.
If oil prices stay low for any significant period of time, it's expected that many of the players in the dubious industry will fail as well.
While VeraSun is expected to continue operating at full capacity, thus not helping its competitors, who may have had the opportunity to take over the market share of the company, it has a huge uphill battle, as its changes of suriving, let alone turning a profit remain slim to none.
It remains to be seen if some of the larger competitors of VeraSun will be able to operate at similar losses. Some of the bigger companies are the privately held Poet LLC, along with agribusiness behemoth Archer Daniels Midland.
We should just put this ethanol nonsense to a rest in the U.S., and start drilling for more proven oil reserves in the U.S. and on its coasts, while looking to develop options that have real chances of being successful alternatives to and complements to traditional energy sources.
What a waste of time and money the pursuit of ethanol has been in the U.S.
Update: Judge approves VeraSun's rare bankruptcy financing
End the ethanol subsidy now, or we'll see more ethanol companies collapse, as it's an artificial, propped up commodity, not a real one.
The hugely misguided effort by the U.S. government to artificially produce an ethanol industry in America continues to flounder, with the latest casualty in the debacle being VeraSun Energy Corp., which has filed for Chapter 11 bankruptcy protection.
VeraSun Energy, which accounts for close to 13 percent of the ethanol capacity in the country, is attempting to get $190 million to meet expenses, including payroll. Other needs to be met are buying of corn, leases, natural gas, among a number of others.
Standard & Poor's also lowered the long-term credit rating of the company on its senior secured notes - due in 2012 - from "B-" to "D." They're worth about $210 million. VeraSun has about $450 million in unsecured notes - due in 2017 - lowered from "CCC" to "D."
With profit margins of about zero, almost no credit markets, and terrible, speculative bets on commodities, the company has no chance at operating in its current condition. Another major factor was its irresponsible debt load, which also make it impossible to operate at a profit.
If oil prices stay low for any significant period of time, it's expected that many of the players in the dubious industry will fail as well.
While VeraSun is expected to continue operating at full capacity, thus not helping its competitors, who may have had the opportunity to take over the market share of the company, it has a huge uphill battle, as its changes of suriving, let alone turning a profit remain slim to none.
It remains to be seen if some of the larger competitors of VeraSun will be able to operate at similar losses. Some of the bigger companies are the privately held Poet LLC, along with agribusiness behemoth Archer Daniels Midland.
We should just put this ethanol nonsense to a rest in the U.S., and start drilling for more proven oil reserves in the U.S. and on its coasts, while looking to develop options that have real chances of being successful alternatives to and complements to traditional energy sources.
What a waste of time and money the pursuit of ethanol has been in the U.S.
Update: Judge approves VeraSun's rare bankruptcy financing
End the ethanol subsidy now, or we'll see more ethanol companies collapse, as it's an artificial, propped up commodity, not a real one.
Wednesday, August 20, 2008
Misguided U.S. Ethanol Subsidy Continues to Cause Food Prices to Soar
The corn-based ethanol subsidy in the U.S. continues to cause pain to consumers around the world as food prices will continue to rise for the foreseeable future, as chicken, beef and pork prices are projected to increase significantly.
U.S. lawmakers keep acting like nothing has gone wrong with the usual unintended consequences accompanying such ignorant initiatives.
U.S. lawmakers keep acting like nothing has gone wrong with the usual unintended consequences accompanying such ignorant initiatives.
Monday, August 11, 2008
Commodity News Around the Network
Arian Silver's Exploration Update-San Jose: Phase-1 Drill Results Summary; Phase-2 Drilling Progresses
High Desert Gold Plans to Drill the Bluebird Copper-Silver Property
Happy Corn Subsidy Pacific Ethanol: Company Gets Clobbered with High Corn Prices
Oil Drops Below $115 a Barrel
More Reasons to Drop the Ethanol Nonsense
Gold Plunges Below $820 an Ounce
ECB Launching U.S. dollar Liquidity-providing Operation
Wheat Growers Facing Tough Cost-Control Challenges in 2009
High Desert Gold Plans to Drill the Bluebird Copper-Silver Property
Happy Corn Subsidy Pacific Ethanol: Company Gets Clobbered with High Corn Prices
Oil Drops Below $115 a Barrel
More Reasons to Drop the Ethanol Nonsense
Gold Plunges Below $820 an Ounce
ECB Launching U.S. dollar Liquidity-providing Operation
Wheat Growers Facing Tough Cost-Control Challenges in 2009
Friday, June 13, 2008
Corn Prices Explode to Record Highs
While food prices dropped last month, the continuing surge of corn prices may spur spur food prices higher, as the ethanol fiasco continues to haunt lawmakers and consumers.
The reason given for the price increase is the weather in the midwest, but that's in reality a secondary cause, as the subsidy's afforded the industry by lawmakers is the underlying reason prices continue to increase.
With so much corn going to dubious ethanol production, it has caused an artificial demand which has caused prices to grow. As a result, every time something happens in the supply chain, it is exasperated because of the ethanol foolishness.
Corn reached a record price of $7.30 a barrel on the CBOT Friday, the sixth day in a row it broke a record.
Producers of meat are especially concerned as animal feed costs will rise, causing them to raise their prices as well.
Friday, April 4, 2008
Weekend Commodity News
=====
Natural Gas Rises as Falling Dollar Lifts Appeal of Commodities
Natural gas advanced as the dollar fell against the euro, lifting the appeal of commodities as an alternative investment.
=====
RPT London shares close up, strong commodities overshadow weak U.S. data
Leading shares closed firmer Friday, near the session high, as strength among commodity stocks overshadowed initial disappointment over a bigger-than-expected fall in non-farm payrolls data in the United States.
=====
Commodities Wrap: Grain Prices Rise
Concern over whether there will be enough corn to meet demand this year led to record-high prices this week, while wheat prices surged on fears bad weather could damage crops.
=====
Corn hits record in broad rally despite firmer dlr
Corn closed up after hitting record highs for a second straight session on Thursday, pulling other agricultural markets along in a rally, and copper joined gold on the ride up too despite a firmer dollar.
Soft commodities like coffee, cocoa, sugar, cotton and orange juice ended higher as well.
=====
European Markets Rise, Led By Commodities
The European markets rose on Friday, capping the biggest weekly gain in a year, as mining stocks rallied on broker upgrades and heavily weighted energy stocks gained on rising crude oil prices.
=====
Silver News Around the Web
=====
Weekend Corn News Roundup
=====
Oil News Around the Web
=====
Keeping up with Ethanol: News Around the Web
=====
Keeping up with Gold News: Weekend Roundup
=====
Weekend Eye on the U.S. Dollar
=====
The Weekend Wheat News
=====
Natural Gas Rises as Falling Dollar Lifts Appeal of Commodities
Natural gas advanced as the dollar fell against the euro, lifting the appeal of commodities as an alternative investment.
=====
RPT London shares close up, strong commodities overshadow weak U.S. data
Leading shares closed firmer Friday, near the session high, as strength among commodity stocks overshadowed initial disappointment over a bigger-than-expected fall in non-farm payrolls data in the United States.
=====
Commodities Wrap: Grain Prices Rise
Concern over whether there will be enough corn to meet demand this year led to record-high prices this week, while wheat prices surged on fears bad weather could damage crops.
=====
Corn hits record in broad rally despite firmer dlr
Corn closed up after hitting record highs for a second straight session on Thursday, pulling other agricultural markets along in a rally, and copper joined gold on the ride up too despite a firmer dollar.
Soft commodities like coffee, cocoa, sugar, cotton and orange juice ended higher as well.
=====
European Markets Rise, Led By Commodities
The European markets rose on Friday, capping the biggest weekly gain in a year, as mining stocks rallied on broker upgrades and heavily weighted energy stocks gained on rising crude oil prices.
=====
Silver News Around the Web
=====
Weekend Corn News Roundup
=====
Oil News Around the Web
=====
Keeping up with Ethanol: News Around the Web
=====
Keeping up with Gold News: Weekend Roundup
=====
Weekend Eye on the U.S. Dollar
=====
The Weekend Wheat News
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