Friday, June 8, 2012

DailyMarkets.com - Sugar Price Bounce Off Lows On Weather Concerns

DailyMarkets.com - Sugar Price Bounce Off Lows On Weather Concerns


Sugar Price Bounce Off Lows On Weather Concerns

Posted: 08 Jun 2012 08:41 AM PDT

Friday, June 8, 2012
Both front month world raw Sugar futures (traded in New York) and white Sugar futures (traded in London) are now trading at a premium to the next contract month out. This may be a sign that global supplies are becoming tight and prices may need to rise, at least in the near-term, to draw out supplies to meet current demand.
Fundamentals
Sugar futures have rebounded sharply during the past few sessions, with the lead month July futures once again attempting to trade above … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


US Stocks Tick Higher As Obama Speaks

Posted: 08 Jun 2012 08:05 AM PDT

06/08/12 Wall Street opened in negative territory, but managed to turn higher as President Obama held a news conference on the US economy and Greece. China and Europe will be in focus over the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Big Farm Raked In Record Profits Of Almost $100B In 2011, But They Harvested $20B From Taxpayers’ Pockets, Isn’t It Time To End This Crony Capitalism?

Posted: 08 Jun 2012 07:36 AM PDT

According to the USDA, the net income from U.S. farms set a new record last year of almost $100 billion on record cash receipts of $363 billion.  The record-high farm income last year was 24% above income in 2010.  The USDA is also reporting that the total value of farm real estate (and total farm equity) exceeded $2 trillion last year for the first time, and increased by 6% from the previous year.  Even with record-level income, revenues and farm land values, U.S. farmers also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Euro Slides As Japanese Yen And US Dollar Make Comeback Post-Bernanke

Posted: 08 Jun 2012 07:12 AM PDT

Fundamental Headlines
- Obama Seeking Ally on Europe Finds Merkel a Tough Sell – Bloomberg
- Rajoy Holds Bank Talks with EU as Fitch Downgrades Spain – Bloomberg
- Spain to Request EU Bank Aid on Saturday – Reuters
- Europe's Vulnerable East Braces for Possible Greek Exit – WSJ
- No Hint from the Fed of Taking New Steps – WSJ
Asian/European Session Summary
Yesterday I wrote, "When was the last time a Fed Chairman announced the plans for a major stimulus package at a Congressional … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Will The Federal Reserve ‘Go Nuclear?’

Posted: 08 Jun 2012 06:32 AM PDT

Many market participants are hoping and praying that Ben Bernanke will save the day by implementing another round of quantitative easing. Having become addicted to the monetary 'heroin' provided by our central bank, those on Wall Street would love another 'hit.'
Is this the right approach to curing what ails our nation's economy? Of course not. I stated as much in a recent interview:

"The problems with the current Fed policy and fiscal programs implemented by this administration … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Markets In Everything: Books Of Blog Posts

Posted: 08 Jun 2012 06:15 AM PDT

You can turn your blog into a book here, here and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Stocks Lower On Spanish Bank Worries

Posted: 08 Jun 2012 01:00 AM PDT

06/08/12 With Spain expected to become the next and biggest country to seek assistance, global stocks traded lower Friday morning as investors remained … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Darrell Issa Explores The Administration’s Definition Of “Green Jobs” At The House Oversight Committee

Posted: 08 Jun 2012 05:45 AM PDT

It turns out that according to the administration, "green jobs" include: college professors teaching classes on environmental studies, clerks at bicycle repair shops, antique dealer employees, Salvation Army workers because they are selling used clothing, stores selling rare books and manuscripts, consignment shop workers, used record shop employees, garbage disposal workers, and even oil lobbyists if they are engaged in advocacy related to environmental … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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