Wednesday, May 1, 2013

DailyMarkets.com - Corn Price Volatile As Late Plantings Trigger Rally

DailyMarkets.com - Corn Price Volatile As Late Plantings Trigger Rally

Corn Price Volatile As Late Plantings Trigger Rally

Posted: 01 May 2013 09:18 AM PDT

Wednesday, May 1, 2013
Commodity funds and small speculators appear to have turned bearish on Corn futures, as the outlook for a potential record harvest seemed to portend lower prices this fall. However, experienced grain traders will note that weather related rallies are not uncommon every season, and this year’s slow start to Corn plantings is amplified from tighter old-crop inventories after last season’s drought. Monday’s limit move in old-crop months may have been tied to short-covering … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

US Stocks Slip After Weak Data, Earnings

Posted: 01 May 2013 07:59 AM PDT

05/01/13 US equities dipped lower on weaker-than-expected ADP employment report and ISM manufacturing … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Apr 30, 2013: No End In Sight For Fed Stimulus As Inflation Sags

Posted: 01 May 2013 06:19 AM PDT

Here’s today’s Central Bank News link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don’t miss any important news.

No end in sight for Fed stimulus as inflation sags (Reuters)
Fed seen slowing stimulus with QE cut by end of this year (Bloomberg)
Eurozone rate cut anticipated ahead of ECB meet (AFP)
Analysis: … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Sachs Unloads Again On Wall St-Washington Incest

Posted: 01 May 2013 05:35 AM PDT

A few days ago Columbia University's Jeff Sachs delivered a diatribe on the crony corruption pervasive in the Wall Street – Washington dynamic to a cadre of elites in attendance at a Philadelphia Federal Reserve symposium.
Well, yesterday Sachs took his message to the masses in the midst of an exchange on MSNBC's Morning Joe.
Selected other liberal contributors to this exchange seemed to me to be almost embarrassed by the beating Sachs put on the "bought and paid for" crowd atop … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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