Commodity Markets Ignore Fundamentals
A stronger dollar and weaker Euro, lower oil prices, and good growing conditions in the Midwest should add up to push grain markets lower…but it’s not. Mark Gold offers his take on the action in Chicago.
Answers to all of your questions about commodity trading.
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A stronger dollar and weaker Euro, lower oil prices, and good growing conditions in the Midwest should add up to push grain markets lower…but it’s not. Mark Gold offers his take on the action in Chicago.
I. Definition:
1. Globalization: to extend to other or all parts of the globe; make worldwide: efforts to globalize the auto industry. < http://dictionary.reference.com/browse/globalization >
2. Globalization: make something become adopted globally: to become adopted on a global scale, or cause something, especially social institutions.
< http://encarta.msn.com/dictionary_/globalization.html >
3. Globalization: the increase of trade around the world, especially by large companies producing and trading goods in many different countries
< http://dictionary.cambridge.org/define.asp?key=33185&dict=CALD >
1. Fair Trade: for sale at a price no less than that specified by formal or contractual agreement with the manufacturer.
< http://www.wordsmyth.net/live/home.php?script=search&matchent=fair-trade&matchtype=exact >
2. Fair Trade: trade that satisfies certain criteria on the supply chain of the goods involved, usually including fair payment for producers; often with other social and environmental considerations; trade done legally.
< http://www.freedictionary.org/?Query=fair%20trade >
3. Fair Trade: to market (a commodity) in compliance with the provisions of a fair-trade agreement. < http://research.lawyers.com/glossary/fair-trade.html >
1. Free Trade: international trade left to its natural course without tariffs, quotas, or other restrictions. < http://www.askoxford.com/concise_oed/freetrade?view=uk >
2. Free Trade: situation in which there are no artificial barriers to trade, such as tariffs and NTB’s. Usually used, often only implicitly, with frictionless trade, so that it implies that there are no barriers to trade of any kind. For a traded homogeneous product, it follows that domestic and world price must be equal.
< http://www-personal.umich.edu/~alandear/glossary/f.html#FreeTrade >
3. Free Trade: international trade free of government interference.
< http://lookwayup.com/lwu.exe/lwu/d?s=f&w=free_trade >
II. Globalization, Free Trade, and Fair Trade to Philosophy:
III. How this relates to me:
a) Past
b) Present
c) Future
IV. Globalization, Free Trade, and Fair Trade to this class:
V. How does this relate to the world:
a) Past
b) Present
c) Future
Hahaha Jenny B! Where do you sit??
LOL I didn’t do it, bc I didn’t get it.
don’t tell the teacher I posted it!
man I thought someone might see it.
ha
Contango and backwardation are about the relationship between the spot and forward price. If Forward is greater than Spot, it’s contango (upward sloping forward curve). If Forward is less than Spot, it’s backwardation (inverted forward curve). The “normal” prefix refers to relationship to expected future spot price and is harder to figure.
While austerity measures and bailouts might yet park a turnaround for commodities, James Hughes at CMC Markets warns the markets are still weighed down by uncertainty and advises keeping a close watch on a looming moving averages death cross.