Cocoa Conditions Looking Bullish
By Phil Streible
Cocoa is looking bullish from both technical and fundamental standpoints, and is likely to see prices rise despite a global recession that has dampened demand in many commodity markets. Cocoa futures are facing a unique situation, with poor weather creating supply pressures. Front-month March 2009 futures are actually trading higher than December 2009 futures, an unusual situation that confirms the supply pressures. (more…)
Inflation may not be much of a factor in the overall economy right now, but you’ll likely see some price inflation in your Thanksgiving meal this year, even though turkey production is up about 6 percent this year.
Here’s a look at the cost this year for the average Thanksgiving meal for a gathering of 10, and the difference from last year, according to the American Farm Bureau Federation. Total: $44.61, up $2.35 from last year.
16-pound turkey, $19.09, an increase of $1.46
Cube stuffing, 14 oz., $2.57, up 17 cents
30 ounces of pumpkin pie mix, $2.34, up 21 cents
Two Pie shells, $2.26, up 18 cents
Three pounds of sweet potatoes, $3.12, up 4 cents
A dozen rolls, $2.20, up 31 cents
One pound of green peas, $1.58, up 12 cents
One-pound relish tray of carrots and celery, 82 cents, up 16 cents
One gallon of whole milk, $3.78, down 10 cents
Fresh cranberries, 12 oz., $2.46, up 26 cents
Half pint of cream, $1.70, up 14 cents
Miscellaneous ingredients like onions, eggs, sugar, flour, $2.69, down 60 cents
Lind-Waldock Senior Account Representative Tony Klancic offered a primer on futures trading and the gold delivery process as part of an article for ResourceInvestor.com. Tony’s piece comes after Gene’s commentary, which is summarized below.
Got Gold Report – How to Buy Physical Gold and Silver on the COMEX
By Gene Arensberg
24 Oct 2008 at 07:25 PM GMT-04:00
Think the futures price of metals is too low? The Got Gold Report reports on how to buy and actually take delivery of gold and silver metal from the futures markets that have savaged the price of them so much. If the COMEX is determined to under price its physical metal, then they ought not to mind seeing it leave their warehouse for the popular physical market.
Read the article here.
Lind-Waldock has just launched a new campaign, “Commodities Are Everywhere,” to showcase how commodities affect our everyday lives, and how individuals can invest in them. Enter our virtual kitchen at CommoditiesAreEverywhere.com and get contract specs and fun facts about commodities, view short online informational videos about commodities, and view our commercial too.
