Commodity Prices Soar

Filed under: Major Movement , International Markets , Economic Data , Commodities , Oil , Agriculture , Federal Reserve , ETF There are two primary forces at work in world economies. At this time they are driving commodities prices higher. One is the continuing need and demand by emerging nations for raw materials, a trend that is not about to subside. The second is the extra pile of money that the U.S. Federal Reserve is printing that is finding its way into the commodity markets, a driving force for higher prices. Let’s take oil as an example. The International Energy Agency said that that China’s needs could drive oil to $110 per barrel by 2015, a 27% premium to the current price, as reported in the Wall Street Journal . On Tuesday, the U.S. Department of Agriculture (USDA) cut harvest estimates for soybeans and corn. Continue reading Commodity Prices Soar Commodity Prices Soar originally appeared on BloggingStocks on Wed, 10 Nov 2010 12:40:00 EST. Please see our terms for use of feeds . Read | Read | Permalink | Email this | Comments

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Commodity Prices Soar

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