Commodity prices are falling sharply after many indexes hit new records yesterday. The cause was the belated realization that growth will be falling, easing demand for raw materials. Most observers believe the long-term outlook for commodity prices is strong, but the market looked badly overbought of late. From Bloomberg: Commodities plunged the most in almost […]
Read more...The pig farming industry in England is in crisis. From the Telegraph: Farming leaders believe that a viable domestic pig sector could be wiped out within months unless urgent action is taken by the government and retailers. The national pig herd has already halved over the past 12 years. Desperate UK pig farmers have doubled […]
Read more...Goldman Sachs and Jim Rogers seem to be on the same page as far as commodities, or at least agricultural commodities, are concerned. Both foresee a protracted bull market in foodstuff due to improve diets in the third world and supply strains. From Bloomberg: Selling soybeans at their highest prices in three decades and corn […]
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